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CCNTV6
  • 9 months ago
The Opposition Leader is questioning Government's intention to seek between two to five Billion US in loans over the next 3-5 years from the World Bank, The IDB and international financial centres.
Transcript
00:00It is difficult to determine how much of this U.S. $5 billion window is intended to compromise
00:07central government debt, what percentage is to compromise grant facilities, and what percentage
00:13is targeted at the private sector. We know that currently the central government
00:19total external debt measures is some U.S. $5.6 billion, with over $800 million annually
00:26required to be sourced to make these debt servicing payments.
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