The Ministry of Finance and Treasury has rejected media reports in relation to a US$100 billion loan introduced by the promoter of the financing proposal Mr Terry Wong.
A statement from the Ministry said what has transpired and the intention of the correspondences between Hon. Harry Kuma and Mr. Wong, is to collate necessary and accurate information from the promoter after he approached Hon. Kuma who as the Minister of Finance and Treasury, has the legal mandate in so far as government borrowing or guarantees is concerned under the Public Finances Management Act 2013 (PFMA).
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