"This issue of the BIDPA Briefing gives a discussion of the bond market in Botswana. We note that the shortage of domestic high-return, low risk investment, especially for the Public Officers Pension Fund, is one of the reasons that led to the launching of the first three Government bonds, namely BW001, BW002 and BW003. However, there is still a need to encourage a greater supply of securities to the capital market through more bond issues, particularly by parastatals and private institutions."