Botswana Settles P2.5 Billion Central Bank Overdraft
Botswana’s government has repaid a significant P2.5 billion overdraft to the Bank of Botswana. This action comes amidst fluctuations in the nation’s financial reserves.
Foreign Reserves See Uptick
New data from the Bank of Botswana reveals that total foreign assets increased to approximately P50.5 billion by the end of September. This marks an improvement from P49.3 billion recorded in August.
However, this recent rise has not fully offset earlier declines. Reserves remain below the P52.8 billion reported in September 2024 and significantly lower than the P55.2 billion observed at the start of 2025. Overall, the national foreign asset stockpile has decreased by roughly P4.7 billion since January.
Savings Continue to Contract
Despite the repayment of the central bank loan, government savings have continued to shrink. This trend indicates a broader challenge in maintaining national financial balances.
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