Economy Ministry looks at issuing VAT-bonds

According to documents made public by the Economy Ministry yesterday, a draft resolution has been prepared for the Cabinet of Ministers’ approval that would facilitate the securitization of state debt liabilities for VAT refunds to locally-based exporters in the form of VAT-bonds. The Economy Ministry also proposed other measures designed to facilitate exports, such as creating special economic zones for the production of exported goods, and cancelling guarantees on commodities imported for repairs.