The latest developments allude to govt's intent to raise borrowing cheaply and in dollar terms. Cabinet had recently approved direct borrowing from the banks instead of the usual competitive bidding. That is inefficient but way to attract dollars. Simultaneously, foreign non resident banks are now exempt from paying taxes on capital gains (previously 10% WHT on capital gains). This way, govt can directly borrow from foreign investors in local debt markets at a notionally cheaper rate (since after tax returns are higher).