Govt could hike P15bn bond limit, move to monthly auctions

The Bank of Botswana wants to see changes
The Bank of Botswana wants to see changes

The Bank of Botswana (BoB) is advising government to raise the P15 billion note issuance programme for domestic bonds and increase the frequency of auctions from quarterly to monthly, as a way of triggering local growth.

The central bank, as policy advisor to government, is leading the review of the Medium Term Debt Management Strategy, which initially ran from 2016/17 to 2018/19.

The BoB and other experts believe government’s traditionally conservative approach to raising debt, particularly domestically, is limiting opportunities for enhanced infrastructural growth led by the private sector and in turn impacting on job creation.

Editor's Comment
Botswana deserves ideal political leaders

This remains to be seen, particularly as opposite unity has been seeing its ups and downs. In 2012, three opposition parties namely the Botswana National Front (BNF), the Botswana Movement for Democracy (BMD), and the Botswana National Front (BNF) formed a political alliance under the Umbrella for Democratic Change (UDC). The Botswana Congress Party (BCP) would, after rebuffs, join the coalition in 2017.The promise made by the coalition to its...

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