Govt could hike P15bn bond limit, move to monthly auctions

Friday, June 28, 2019

The Bank of Botswana wants to see changes

The Bank of Botswana (BoB) is advising government to raise the P15 billion note issuance programme for domestic bonds and increase the frequency of auctions from quarterly to monthly, as a way of triggering local growth.

The central bank, as policy advisor to government, is leading the review of the Medium Term Debt Management Strategy, which initially ran from 2016/17 to 2018/19.

The BoB and other experts believe government’s traditionally conservative approach to raising debt, particularly domestically, is limiting opportunities for enhanced infrastructural growth led by the private sector and in turn impacting on job creation.

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Govt could hike P15bn bond limit, move to monthly auctions

The Bank of Botswana (BoB) is advising government to raise the P15 billion note issuance programme for domestic bonds and increase the frequency of auctions from quarterly to monthly, as a way of triggering local growth.