Gov't targets P2bn in latest debt funding bid
Friday, January 28, 2022 | 410 Views |
In the middle: BoB governor, Moses Pelaelo. The central bank conducts debt auctions on behalf of government PIC: THALEFANG CHARLES
The BoB, as government’s banker, conducts monthly auctions of treasury bills as well as bonds to primary dealers who are exclusively banks.
At the auctions, the dealers compete to lend to the government by offering the yields they are seeking, with the BoB deciding the ‘stop-out’ yield or the level of ‘interest’ it is willing to pay the dealers on particular securities on offer.
It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...