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MessagePosté le: Sam 28 Avr - 11:01 (2018)    Sujet du message: Tony Jefferson Youth Jersey Répondre en citant

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NAIROBI, June 8 (Xinhua) -- Kenya is seeking to borrow 300 million U.S. dollars from the domestic market in its latest sale of Treasury bonds.

The Central Bank of Kenya (CBK) said on Wednesday that the money to be raised in about 10 days, and will help fund the country's 2.3 billion U.S. dollar budget, the largest ever, which is to be unveiled today in Parliament.

The 300 million dollars will be raised through two Treasury bonds -- a two-year re-opened bond with a 12 percent interest and a 15-year bond whose yield stands at 11 percent.

Last week, the CBK accepted bids worth 200 million dollars from the three bills, over 40 million dollars than it had sought, as investors scrambled for the securities whose interest rates range from 7 to 11 percent.

The intensified borrowing will push up Kenya's domestic debt that currently stands at 17.2 billion dollars or 29 percent of the Gross Domestic Product (GDP).

Treasury attributes the sharp increase in internal debt to a spike in interest rates, which has made investment in debt securities attractive.

Investors have shown great interest mainly in the short-term papers as opposed to bonds, heaping pressure on repayment of yields.

The east African nation's overall public debt stands at 33 billion dollars or 60 percent of the country's GDP. The external debt comprises of 51 percent of the total debt or 31 percent of the GDP.

The key driver of growth in external debt has been a disbursement of two-year syndicated loan from commercial banks two months ago, according to Treasury.
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OTTAWA, Feb. 7 (Xinhua) -- Two public-sector reports issued here over the past two days have both identified free trade as a key driver to Canada's economic growth.

In a report released on Tuesday, Canada's Standing Senate Committee on Foreign Affairs and International Trade acknowledged that free trade agreements are an essential component to the country's economic well-being.

The committee called on the Canadian government to increase public involvement and parliamentary oversight of future trade deals as a way to increase the benefits of trade for all Canadians and "to alleviate protectionist sentiments" of which Canada is "not immune."

Among the committee's nine recommendations is one in which Ottawa would establish a formal public consultation process "when defining a negotiating mandate in relation to a particular free trade agreement," and another where the federal government would report to Canadians about the "expected economic, labor, environmental, social and other outcomes" regarding an agreement prior to its ratification.

Five years following a trade deal's enactment, the government should also commission one or more independent evaluations to analyze the agreement's outcome, the committee recommended.

"There is currently little oversight of free trade negotiations, (which) can have significant ramifications for workers, business owners and the country at large," Liberal Senator Percy Downe, the committee's deputy chair, said in a statement.

"Our recommendations would oblige the government to be more accountable in its pursuit of trade deals and give Canadians greater involvement in the process to ensure negotiators truly represent their interests," said Downe.

Another report, issued on Monday, does not provide as detailed legislative and policy roadmap to deal making. But it too wants Ottawa to look beyond Canada's borders to build the country's economy.

The Advisory Council on Economic Growth, an expert panel Canadian Finance Minister Bill Morneau established last year to advise the federal government on economic policy, also released a list of recommendations.

The report calls on Ottawa to boost innovation, hasten the establishment of a "highly skilled and resilient" Canadian workforce, develop such key sectors as agriculture and energy, and position Canada as a "central global-trading hub and a nexus for global supply chains."

Although the expert panel believes Canada has a continental opportunity to kick-start its moribund trading relationship with Mexico -- as well as to strengthen linkages with the American business community in response to the protectionist direction of U.S. President Donald Trump's administration -- it also wants Canada to focus on "preferential trade" with China, Japan and India.

"Such trade pacts would open up new markets for our companies, help them to achieve economies of scale, raise their productivity, give our consumers greater product choice and lower prices, and accelerate overall GDP growth," says the report, entitled Positioning Canada as a Global Trading Hub.

RIO DE JANEIRO Authentic Cam Newton Jersey , May 19 (Xinhua) -- Brazilian President Dilma Rousseff has guaranteed the country's airports will cope with increased demand during the football World Cup.

The South American nation is expected to welcome more than 600 Authentic Christian McCaffrey Jersey ,000 international visitors during the June 12-July 13 tournament.

Rousseff's comments followed admissions by the government that military airports could be used due to unfinished work at terminals in several World Cup host cities.

"All those traveling through our airports in most capital cities today will find that the dust and the noise are receding Devin Funchess Jersey , and the fencing is being removed to make room for modern Shaq Thompson Jersey , comfortable facilities Daryl Worley Jersey ," Rousseff told state news service Agencia Brasil.

"They will be used for the World Cup James Bradberry Jersey , but they are chiefly made for the convenience of (domestic) passengers Luke Kuechly Jersey , of these millions of Brazilians who can now afford to travel by plane. I can ensure that our airports are ready for the World Cup. We'll give all (visitors) a proper welcome."

The government and local organizers have been given a boost by news that the new Terminal 3 at Sao Paulo's Guarulhos International airport will open on Tuesday.

The.


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