Tanzania Sovereign Bond usanii ama?

[kichwili]

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Mimi napenda ona inchi yangu ikifanya jitihada kujiendeleza, lakini hii issue inatisha maanake the potential for mafisadi ni limitless, waungwana mwasemaje?



]THE government has said that it remains determined to issue sovereign bonds in international markets to raise between 500 million and 1 billion US dollars (700bn/- to 1.4trn/-) for infrastructure projects.

According to Bank of Tanzania (BoT) Governor Benno Ndulu, the government expects to float the bonds in the next seven to eight months.

"The (bond issuance) process is well in progress and we will hopefully float the bonds early in the next fiscal year," Professor Ndulu told reporters at the sidelines of the Economist Tanzania Summit in Dar es Salaam on Tuesday.

The government had formed a committee of highly skilled financial experts, under the tutelage of the central bank, to fast-track the issuing of sovereign bonds in international markets.

Earlier plans to sell the country's first sovereign bond in 2008 however were put on hold following the global financial crisis that hiked borrowing costs.

Some development partners, the World Bank in particular, stand opposed to Tanzania pursuance of the sovereign bond option, which they perceive as costly for the poor economy.

They instead urge the government to pursue traditional options of concessional loans and grants from development partners.

The 'Daily News' recently quoted the World Bank Country Director for Tanzania, Uganda and Burundi, Mr John McIntire as saying, "Tanzania can go ahead and issue the sovereign bond if it so wishes, but the option is costly because the bond has to be issued on market rates."

But, the government has always maintained that much as it eagerly sought loans at friendly terms, the traditional system had own limitations. The funds to be accrued from the bond issuance will be exclusively invested on long-term development projects like construction of big bridges, railways and roads.

 

[nomasana]

world bank is full of sh!t. if they issuing a bond is expensive, then why dont they give that amount on a cheaper rate???

world bank and IMF are pathetic. if the tanzanian govt thinks that it issue the bond and pay it back without bankrupting the country then i hope the tz govt doesnt listen to these world bank and IMF ****** and goes ahead and issues the bond

let tanzanians determine their own financial future and not some forigner who is working for the world bank determining what TZ should do with its money

 

[kichwili]

sovereign bond ni kitu gani? angalia unyamwezini wameuza bonds kwa saaana lakini angalau wamejenga mibarabara na mishule nk, lakini ukweli ni kwamba unakopa mahela leo ambayo taifa la kesho lazima walipe. unafahamu wanakufanya nini ukishindwa kulipa hela zao? mtu mzima na mvi zako utashikishwa ukuta. ni kiini macho mjomba, usishawishike. Ogopa maneno ya muzungu bana, hii kitu inapata promotion ya nguvu lakini kweli hizo hela ambazo zitakusanywa zitatumiwa kujenga taifa? sitashangaa iwapo Jah Kaya atapandisha dau na kununua ikulu nzima mabenzi ya kufa mutu. Naunga mkono hoja ya kwamba world bank, IMF na maNGO ni wasengenyaji lakini huwezi kulaumu simba kwa kutafuna **** anayeingiza kichwa kinywani mwake. tamaa inaua, mi naona sovereign bond ni "bride price", kama unahamu na sovereign bond, fukuzia mafisadi piga ua, mpaka mali ya uma inarudishwa. Yaani!

 

[Byendangwero]

Everything in Tanzania seem to go upside down! Those in the driving seat of our economy are quick to adopt harmful policies given by IMF and World bank, such us wholesale privatisation of our economy, but resist genuine advice from these multirateral institutions which are meant to save us from the ditch. The problem with the current leadership is that it has been misled into believing that it's doing well on the economic front, because statistcs shows that the economy has been registering economic growth of over 5 percent. It should be noted that the economic growth is not the end, but a means to the end; the ultimate goal of economic growth is poverty eradication, and that can only be achieved if that growth is obtained with active participation of the poor, which doesnot seem to be the case at the moment. Both JK ana Pinda have been wondering why the mojority of the people are poor, the answer to that question is that most of the economic activities are taking place in areas that donot generate enough employment ta engage the poor.