The Dar es Salaam-Morogoro road. Financing development projects through sovereign bond issues will assist Tanzania expand its fiscal space. Photo/FILE
By STAFF WRITER
Tanzania will soon seek a sovereign debt rating to enable it issue a sovereign bond in the international marketplace.
The Tanzanian government appears convinced that borrowing money from international markets through a sovereign bond is a better way of raising money than having to resort to heavy domestic borrowing.
Two months ago, Finance Minister Mustafa Mkulo presented to the National Assembly a budget that did not factor in domestic borrowing. More...
[SOURCE: The EastAfrican]
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