Legal Considerations for Domestic borrowing versus International Sovereign Borrowing through capital markets: A Case Study of the Rwanda Euro Bond"

Abstract

The abstract discusses the increasing trend of sovereign borrowing from capital markets, analyzing the legal implications of choosing between domestic and international debt issuance. It examines the regulatory landscapes for both types of borrowing, emphasizing their impacts on a nation's financial stability and market dynamics. Additionally, it evaluates the effects on a nation's credit rating and borrowing costs, incorporating case studies to illustrate the outcomes of different borrowing strategies. Overall, the study emphasizes the importance of considering legal and regulatory environments, offering insights for policymakers, legal experts, and financial institutions to make informed decisions that promote sustainable economic growth and fiscal stability. In conclusion, this dissertation contributes to the understanding of legal considerations influencing sovereign borrowing decisions through capital markets. The research underscores the importance of carefully evaluating the legal and regulatory environments when making borrowing choices, taking into account a country's unique circumstances, financial objectives, and risk appetite. Policymakers, legal experts, and financial institutions can benefit from the findings of this study to make well-informed decisions that promote sustainable economic growth and fiscal stability in the context of sovereign borrowing.