Here's What Actually Happened.
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
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