Lacklustre bonds omitted as gov’t debt hunt resumes
Monday, August 02, 2021 | 720 Views |
Bonds, which represent the longer maturing debt for government, have underperformed in all the auctions since the raising of the debt ceiling to P30 billion last September. Central bank officials and market analysts have noted poor uptake of the bonds by investors such as pension and insurance funds, which typically target the longer maturing debt.
While the BoB is not bound to offer bonds at each of its monthly auctions, which raise debt for the government, the absence of the longer maturing paper comes as the Finance and Economic Development ministry engages the market to resolve the dilemma over the bonds.
The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...