Gov't in talks for $600m debt from int'l lenders

Friday, July 23, 2021

Economic backbone: Major road and rail projects are among those approved for NDP 11

The Ministry of Finance and Economic Development is in talks with international lenders for a $600 million (P6.7 billion) loan intended to finance and support projects under NDP 11, with plans to tap into the funds before the end of the year.

A Request for Financing Proposal (RFP), which was sent to international commercial banks has reportedly elicited interest and talks are ongoing, BusinessWeek has learnt.

“Any firm proposals for borrowing will be presented to Parliament for approval as per the Public Finance Management Act,” Finance and Economic Development minister, Peggy Serame told BusinessWeek.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

The Metropolitan Chess Championship got underway at the President Hotel on Thursday. PIC: MORERI SEJAKGOMO

Stage set for Metropolitan chess championship

Calistus Kolantsho | 14 h ago

Soldier faces charge for cop's murder

Larona Makhaiza | 17 h ago

Batswana join global search for HIV cure

Mbongeni Mguni | 12 Apr 2024

Win propels Galaxy five points clear

Larona Makhaiza | 1d ago

BAC forges path in Data Intelligence

Phatsimo Kapeng | 1d ago

ODC gives BNOC P500,000 for Olympics

Calistus Kolantsho | 1d ago

Routine child vaccination imperative

The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...

The Monitor Editor | 15 April 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More