Imagine that you borrow at 10% a year to build a house that you have not yet designed, leave almost all the money in the bank at a much lower rate and commit six out of ten soles of your salary for 20 years. No sensible advisor would recommend it. The Metropolitan Municipality of Lima (MML) has been doing so for three years.
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Imagine that you borrow at 10% a year to build a house that you have not yet designed, leave almost all the money in the bank at a much lower rate and commit six out of ten soles of your salary for 20 years. No sensible advisor would recommend it. The Metropolitan Municipality of Lima (MML) has been doing so for three years.