The deficit would be financed instead by issuing government securities-- some of which the Central Bank will inevitably buy, providing some indirect credits-- and by external loans from the West, especially from the International Monetary Fund.
32.
The bonds involved include the German External Loan of 1924, called the Dawes Loan; the German International Loan of 1930, called the Young Loan; and the 1926 and 1927 External Sinking Fund Dollar Bonds of the State of Prussia.
33.
Kenya's budget deficit will be 4 percent of the country's Ksh 670.8 billion ( dlrs 8.6 billion ) gross domestic product, Obure said, and will be financed from either borrowing from the local money markets or external loans and grants.
34.
Another $ 14 . 5 billion in external loans was provided in the form of credit exports, $ 9 . 96 million in commercial loans, $ 1 . 1 billion in lease deals and the remaining $ 54, 000 in bonds.
35.
Kenya's budget deficit will be 4 percent of the country's Ksh 670 . 8 billion ( dlrs 8 . 6 billion ) gross domestic product, Obure said, and will be financed from either borrowing from the local money markets or external loans and grants.
36.
The other bills include an amendment to the Bank of Thailand Act related to management of foreign exchange reserves, lifting of the ceiling on state external loans, now limited to 10 per cent of the annual budget, and a bill to increase the capital base of the Asset Management Corp from Bt1 billion to Bt10 billion.
37.
The Thai IMF programme carries for roadmap components-- restoring confidence of the international financial community ( completed ), recapitalisation of financial institutions ( in progress ) and restructuring loans of domestic borrowers, external loan inflows from world institutions such as World Bank and Asian Development Bank ( almost completed ) and global bond issue by the Thai government.
