AfDB, Morupule B debt repayments kick-in

Friday, February 28, 2014

Finance Minister, Kenneth Matambo is proposing the disbursement of P340 million in principal repayments for the US$1.5 billion African Development Bank (AfDB) loan from 2009 that helped Botswana through the global recession.

The minister is also proposing P44.6 million as initial repayment of the principal for the US$136.4 million Morupule B loan received five years ago from the World Bank.

According to draft estimates of expenditure currently before legislators, the AfDB will also receive P150 million in interest repayments, while the World Bank will be paid P4.5 million as interest for its loan.

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AfDB, Morupule B debt repayments kick-in

Finance Minister, Kenneth Matambo is proposing the disbursement of P340 million in principal repayments for the US$1.5 billion African Development Bank (AfDB) loan from 2009 that helped Botswana through the global recession.

BNSC powerless as fights escalate

Sportspersons flock to politics

Attention turns to relegation

Tlou wary of another near-miss

Softball team denied World Cup chance

Mabote seeks answers after squad omission

World Relays trip divides BAA

The plight of a rookie

Inspect the voters' roll!