Govt, BoB open talks on P15bn debt limit

Friday, February 28, 2020

Pressing: Pelaelo at Wednesdayu00e2u20acu2122s briefing PIC: PHATSIMO KAPENG

The Finance Ministry and the Bank of Botswana (BoB) are advancing discussions over government digging deeper into the capital market for infrastructure development and deficit funding, BusinessWeek has learnt.

Going deeper, for government, is expected to involve increasing the current P15 billion domestic bond limit and the frequency of issuances beyond the current quarterly arrangement.

The discussions follow the central bank’s recommendations, as government’s chief economic adviser, that fiscal authorities shift their preferred option for funding infrastructure projects and budget deficits from the reserves, to domestic debt.

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