TISL releases a position paper on governance issues involving the proposed US$ 500 Million sovereign bond.

TISL releases a position paper on governance issues involving the proposed US$ 500 Million sovereign bond.

During the past weeks, a serious political debate has evolved in regard to the government’s decision to borrow US$500 Million facilitated by selected private international banks. Since the debate raised several governance issues, including the transparency of borrowing procedures, TISL has decided to issue this Position Paper. This paper is justified for more than one reason, not least of which is that future generations of Sri Lankans will have to settle the borrowed funds with commercial rates interest.

Please click here to download the full document (*Adobe Acrobat Reader required)

Share the Post

Comments

Comments are closed.