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BoB targets P3.6bn for gov’t as new financial year kicks off

Central role: The BoB is government’s agent in the capital market PIC: MORERI SEJAKGOMO
Central role: The BoB is government’s agent in the capital market PIC: MORERI SEJAKGOMO

The Bank of Botswana (BoB) was due back in the capital market on Friday seeking debt of P3.6 billion for the government, as technocrats face payment obligations associated with the start of the new financial year on April 1.

The amount sought by the central bank is amongst the highest in recent months, as fiscal authorities continue to fight to balance weak and uneven revenues, with recurrent obligations in the public finance ecosystem.

The auction of three Treasury Bills and three bonds is also the first auction after the sovereign credit ratings downgrade by S&P, a decision that points to upward pressure on government’s borrowing costs.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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