Browsing: 2016 Appropriations Act

He said, “Following the high over-subscription of $1bn Eurobond issuance, we wish to take advantage of favourable market conditions to issue a Eurobond debt instrument of $500m. This will fund the implementation of the 2016 budget, which is ongoing. Given that the implementation of the 2016 budget is still ongoing, we plan to issue the Eurobond between February and March 2017, subject to market conditions.

Chairman, House Committee on Media and Public Affairs, Abdulrasak Namdas, who spoke at the weekly briefing of House reporters, said since the government’s version of the PIB is not forthcoming, the House would look into the bill from a fresh perspective.