AfDB offers $1bn loan to gov't

The African Development Bank (AfDB) has offered government a $1 billion (P13.7bn) loan facility, with about $304 million available this year, aimed at enhancing fiscal performance and boosting private sector participation.

The loan offer, under the Governance and Economic Resilience Programme, also offers technical assistance to address implementation challenges in Botswana’s public investment programme. The AfDB delegation also outlined short- and medium-term initiatives to support the country’s economic growth targets.