Government’s move to create a sinking fund aimed at repaying the two 10-year sovereign Eurobonds has been received with mixed feelings by some sectors of society. Some stakeholders have welcomed the move while others claim it is all political propaganda.
PRIVATE Sector Development Association (PSDA) chairperson Yussuf Doldia says the recently acquired Eurobond can only yield better results if channelled towards social economic infrastructure. Mr. Doldia said channelling the Eurobond towards social economic infrastructure will bring about economic development adding that this can help service the debt. Mr. Doldia said government borrows in order to finance its own program.