Serame tests appetite for hard currency bond
Friday, October 13, 2023 | 340 Views |
![Reaching out: Serame is in Morocco this week](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/mmegi/uploads/images/2023/10/13/89327.jpg&w=800&q=72&f=jpg&t=1)
Reaching out: Serame is in Morocco this week
Governments float foreign currency bonds in order to raise debt from global investors. Foreign currency bonds give governments protection against inflation and – for countries with high sovereign credit ratings such as Botswana – can represent lower borrowing costs. They can also be used to match currency inflows with outflows.
In a statement on Wednesday, the Finance ministry confirmed that Serame and her team would hold an investor roadshow on the sidelines of the International Monetary Fund and World Bank annual meetings taking place in Morocco.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...