NewsWhore
07-14-2009, 02:30 PM
The Senate has received a legislative proposal aimed at authorizing the Executive Branch to launch a US$1 billion bond issue that would be placed on the international capital markets. The government wants to use the money now that tax revenues are down, to eliminate debt items and supply the gap in financing coming from PetroCaribe, now that oil prices are down.
In an explanatory letter, President Fernandez argues that the country is affected by the international financial crisis. The President says that disbursements for budget support that come from multilateral financial entities will not reach the level scheduled in the budget for this year and PetroCaribe financing for oil imports is also down.
More... (http://www.dr1.com/index.html#3)
In an explanatory letter, President Fernandez argues that the country is affected by the international financial crisis. The President says that disbursements for budget support that come from multilateral financial entities will not reach the level scheduled in the budget for this year and PetroCaribe financing for oil imports is also down.
More... (http://www.dr1.com/index.html#3)