Plan to raise $2b via Eurobonds

The government is planning to raise $2 billion through floating Eurobonds in the next fiscal year, as its foreign loan disbursement projections remain fluid in the absence of an International Monetary Fund (IMF) deal. The estimate of $6.2 billion does not include any inflows on account of Eurobonds, commercial loans, and the IMF loan. Sources in the Ministry of Finance said that the government was again considering raising $2 billion through Eurobonds during fiscal year 2023-24. For the next fiscal year, the finance ministry is working on two scenarios,with IMF and without IMF projections of foreign inflows. Likewise, the country had received $579 million from the Asian Infrastructure Investment Bank (AIIB) in the current fiscal year.