15.12.2015 - Moody's affirms Botswana's outlook stable
Moody's Investors Service has affirmed Botswana's A2 government bond and issuer ratings with a stable outlook. The sovereign wealth fund, the Pula Fund, had more than $5 billion, or 36.9 per cent of GDP forecast for 2015, at end-September 2015. Moody's expects that the economic stimulus package the government considers will be limited in size and hence will neither significantly reduce the Pula Funds's large assets, nor raise Botswana's government debt-to-GDP ratio. Low government debt and the large foreign asset positions of the Bank of Botswana (BoB) put the sovereign in a strong net creditor position of about 40% of GDP at the end of 2014. In 2014, the Pula Fund's foreign assets were twice as high as the government's outstanding debt...............................................Full Article: Source
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