20
Jun
CHAMWE KAIRA Moody’s Investment Services expect the government to meet the upcoming Eurobond maturity without significantly drawing down the economy's foreign reserves, including by partially refinancing the bond in international capital market by resorting to a debt-for-asset swap operation with the Government Institutions Pension Fund (GIPF) akin to the transaction performed with the US$500 million in November 2021 Eurobond maturity in the face of disrupted international capital markets. The stock of international reserves stood higher at N$55,6 billion as at 31 May, up from N$54,3 billion on 31 March supported by higher SACU receipts. According to a document shared with…