AFDB mulls floating Pula bonds
Wednesday, May 27, 2015
The AFDB team met with Finance Minister Kenneth Matambo when they visited Botswana in February this year
In the Botswana 2015-2019 Country Strategy Paper (CSP) released last week, the development bank said it would explore the possibility of issuing Pula-denominated bonds to support deepening of the financial market.
“This would help to somewhat address the needs of institutional investors who are not only looking for more Pula assets but also longer dated investments.
It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...