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

Friday, March 27, 2026 | 250 Views |

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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