Investor Presentaiton

The Debt Situation (2005) Debt Advisors contracted in 2005 (through CIDA project) to conduct an in-depth audit and diagnostic review of the public sector's debt situation ☐ The diagnostic exercise conducted on the public sector's debt problems were not of a temporary nature or related to a lack of liquidity, the public sector's debt position at the end of 2005 was simply not sustainable. The public sector's debt-to-GDP ratio stood at 117% despite earlier successful efforts by the Government to retire debts. Without drastic measures, the debt-to-GDP ratio would again surpass 140% (reached in 2003) within four years

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