Gov't, OPEC sign P1.2b loan

Peggy Serame shaking hands with Dr Abdulhamid Alkhalifa after signing the loan documents PIC: PHATSIMO KAPENG
Peggy Serame shaking hands with Dr Abdulhamid Alkhalifa after signing the loan documents PIC: PHATSIMO KAPENG

The Government through the Ministry of Finance on Thursday signed a financing agreement for the Botswana Programmatic Economic Resilience and Green Recovery Budget Support Loan with the OPEC Fund.

The $100 million (about P1.2 billion) loan is meant to support the government’s efforts through the strengthening of its pandemic and crisis response, addressing the regulatory constraints for private sector recovery as well as building the foundations for a sustainable green economy.

Speaking at signing ceremony, the Minister of Finance, Peggy Serame said the country is experiencing budgetary shortfalls that need to be financed largely through borrowing, hence the need of the funding from the OPEC.

Editor's Comment
Government’s efforts commendable!

Since the news broke, the government made sure to work hand in hand with the South African government to assist the families of the victims. The two countries came together to help the families identify the bodies of their loved ones through DNA testing. The government also announced that they would assist families with food for mourners before the funerals.Even though the deceased persons were mostly residents of Molepolole, the government...

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