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Senegal to Use Bond Sales for Budget, Seeks New Funders (1)

15/06/2011 02:23:11 PM GMT   Comments ()     Add a comment   Print     E-mail to friend

Senegal’s $200 million sukuk, to be sold later this year, will be used for budgetary support as the West African nation seeks new sources of funding, said Finance Minister Abdoulaye Diop.

“We simply want to experiment, to diversify our sources of income,” Diop told reporters at a conference in Dakar, the capital, today. “There is a lot of money in Islamic countries that is flowing toward European countries and Arab states in the Middle East. We want to see if it can come to African countries.” Wire External Story - Read full article here is not responsible for the content of external internet sites

Source: AJP

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