Memorandum to Parliament from the Hon. Minister for Finance requesting for an approval to raise up to US750.00 million in short term bridge financing from the sovereign bond programme transaction advisors in anticipation of the 2019 Eurobond issuance

Abstract

In view of the need to raise funds urgently in the light of tight external conditions that have had significant negative impact on domestic deficit financing the refinancing of outstanding the debt securities and need to urgently address the pressures, pending issuance , i respectfully request Parliament to consider and approve the short term bridge loan facility .