Arms traffic from Albania
23/10/2013 00:00
Advanced cocaine laboratory is discovered in north of Tirana, 7 Albanians and 3 foreigners arrested 16/11 15:43
For the first time, the Albanian government is preparing to issue a
10-year-old maturation debt in the internal market. This is the first
time that the Ministry of Finances will try to take a debt in the
internal market with 10 years of maturity term. The longest instrument
in our market so far have been the 7-year obligations.
Sources from the Ministry of Finances and the Bank of Albania say for Top Channel that the project has been presented to second-level banks. After some discussions, the government will start issuing them within the year.
According to the sources, they will initially try to take 5 billion ALL (50 million USD) of debt. Later their usage will extend. The short maturation term has been considered by the International Monetary Fund as one of the additional weaknesses of the Albania public finances. According to the official data, more than 54% of the government’s debt is short-termed and that should be paid within one year, which makes constant pressure on the public finance liquidity.
Through this movement, the government aims to prolonge the debt service term and secondly, to profit from the low interest norms in the internal market.
Top Channel
