|
Zimbabwe’s bond market fails to take off
The Zimbabwe government will have to continue funding some of its operations from borrowings on the local money market after plans to set up a dynamic bond market to ease borrowing have hit a snag.
The bond market has failed to take off a year after Finance Minister, Dr Herbert Murerwa, announced the proposals, largely as a result of the unstable interest rate regime.
Zimbabwe Stock Exchange chief executive, Mr Emmanuel Munyukwi, said that although the bourse had started working on the mechanics of this new market, the unpredictable interest rates direction had stalled progress.
|
