Govt to approach market for P450m
Friday, July 19, 2019
Bolokwe says the Association is waiting for more details on BW016
The government, through Bank of Botswana, borrows quarterly from the local capital market mainly to develop the local market’s capacity but also to fund gaps in the national budget.
For the local market participants who bid for the right to lend to government, the bonds represent risk free, solid returns for investments.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...