By Jordan Bateman (BC Director, Canadian Taxpayers Federation) and Sacha Peter (CPA, CMA), Taxpayer.com, September 9, 2016
Earlier this month, Finance Minister Mike de Jong announced that BC had become the first foreign government to issue a Masala bond in India. Essentially, BC took on $97.5 million in debt and immediately reinvested that money not in BC infrastructure or something that would help BC taxpayers, but in theHousing Development Finance Corporation (HDFC) Limited of India.
