Summary Government may issue $500 million bond during fiscal year 2012-13.
According to an official of the Economic Affairs Division, the economic trouble shooters of the country may issue $500 million bonds during ongoing financial year 2012-13.
Following the government’s failure to issue $500 million bond during last financial year 2011-12 dented the overall forex inflow by 18 per cent $681 to $3032 million against budget estimates of $3713million.
According to the officials of the Economic Affairs Division, the total foreign economic assistance disbursement fell short of $681 million from the budget estimates for the year ending June 30, 2012.
However, the official said the disbursement of $1748 million from bilateral sources was higher by $463 million than that from multilateral sources and $395 million more than the budget estimates of $1353 million.
The official further told that in the bilateral group major disbursement were from china $ 1,047 million Japan $227 million, UK $171 million, Saudi Arabia $‘132 million. And USA $119 million, they contributed about 97 per cent of total disbursement of the bilateral sources.
Multilateral agencies disbursing over$100 million were Asian Development Bank (AD), World Bank and Islamic Development Bank (IDB) and they contributed about 97 per cent of total disbursement of the multilateral source.