Palestinian authority aims to securitize $200 million of debt

Posted by admin | Posted in Politics | Posted on 30-09-2012-05-2008

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KUWAIT (Reuters) – Palestinian authorities are aiming to securitize an initial $200 million of some $1.3 billion worth of government debt by the first quarter of 2013 to help reduce state borrowing from local banks, a top banker said on Sunday. “The Ministry of Finance is much more ready for securitizing the old debt rather than creating new debt, because we are not even rated,” Palestinian Monetary Authority Governor Jihad al-Wazir said ahead of a Monday meeting of Arab central bankers in Kuwait. …

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