Financing Public Private Partnerships (PPPs) in Botswana Through the Capital Market

Kelesego Mmolainyane ()
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Kelesego Mmolainyane: Botswana Institute for Development Policy Analysis

No 75, Working Papers from Botswana Institute for Development Policy Analysis

Abstract: In her quest to further graduate to the high-income status, Botswana seeks to invest more in infrastructure development for both productive and social use. An efficient and effective infrastructure provision is fundamental to excellent public service delivery and access. Sadly, Botswana, like many other world economies, has a challenge of having an infrastructure financing gap. One of the innovative ways to fill this gap is through public private partnerships (PPPs) with the capital market that has excess liquidity. Infrastructure PPPs are complex and capital intensive projects that require project finance experts to advise parties involved regarding returns and risks associated with each project. Various project-financing models can be designed to suit project specifications and they cannot be over-generalised for all PPP projects. Nevertheless, given the tight fiscal space, Botswana now, more than ever, should consider issuing PPP bonds and applying user changes model to finance economic PPP infrastructure for sustainable and inclusive economic growth.

Keywords: PPPs; Capital market; Project financing; Botswana (search for similar items in EconPapers)
JEL-codes: E44 E47 E62 (search for similar items in EconPapers)
Pages: 26
Date: 2020-03
New Economics Papers: this item is included in nep-afr, nep-isf, nep-mac and nep-ppm
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