Vietnam was able to get a fairly low cost last year because of the scarcity of the paper. On the other hand, a frequent issuer like the Philippines won't be able to enjoy the same borrowing costs even though they have the same ratings.
More Quotes from Agost Benard:
The stable outlook reflects revised expectations concerning the prospects of policy continuity and adherence to fiscal consolidation, which foreshadows improved chances for overall deficit reduction and stabilization of the country's debt dynamics.Agost Benard
The ratings on Sri Lanka are vulnerable due to the country's high government debt and ongoing large fiscal deficits.
Agost Benard
What we would look for is a gradual phasing out of the fuel subsidy and a more effective and coordinated policy response from the government and monetary authorities as and when shocks arise. Shocks such as high oil prices, a classic case of external shock, caught the government by surprise.
Agost Benard
The fact that the suspension is lifted is obviously very positive news.
Agost Benard
The government will respond in a more prompt and appropriate way. They will be in a better position to handle whatever shock may come their way.
Agost Benard
In a rapidly evolving environment such as that which we are facing in the global energy markets, the inability to craft and implement appropriate policy measures leaves fiscal and external balances exposed. This could ultimately threaten to undo the macroeconomic stability achieved in recent years.
Agost Benard
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