The CBI concept itself is still active through the decree, but now we have to wait on how they will activate it/make it functional (they will probably structure the program in-house directly through the agency in the Ministry of Economy)
Seems like the prudent response. Let’s just hope they have a sense of urgency on getting it done right. They have a real window of opportunity to exploit
Yes I agree, the quickest way to get the program up and running is by developing it in-house. It would only require publishing the regulation stating the investment options and amounts, and other requirements around the program. The controlling agency and the decree are already there so that would be the fastest course of action to get it up and running (not another tender)
Disappointing but we’ll see if they keep the door open. If the goal was FX reserves the jump in oil might have shifted the calculus.
I think it will still continue, but perhaps they will structure the program in-house
I fully expected that consortium to just charge the applicants a whole lot more in order to run the program—would the finances not work that way?
Yes but clearly something else happened that we don’t know about
Agreed. Let’s hope the process continues some other way.
very unfortunate was kind of counting on this
The CBI concept itself is still active through the decree, but now we have to wait on how they will activate it/make it functional (they will probably structure the program in-house directly through the agency in the Ministry of Economy)
Seems like the prudent response. Let’s just hope they have a sense of urgency on getting it done right. They have a real window of opportunity to exploit
Yes I agree, the quickest way to get the program up and running is by developing it in-house. It would only require publishing the regulation stating the investment options and amounts, and other requirements around the program. The controlling agency and the decree are already there so that would be the fastest course of action to get it up and running (not another tender)