Gaborone, 4 December 2023
Bank of Botswana, ECA, and Frontclear strive to create a dynamic interbank money market

Frontclear represented by its CFRO Mr. Erik van Dijk and the Bank of Botswana represented by Dr. Kealeboga Masalila, signed an MOU formalizing a shared commitment to support the country’s interbank market development. The MOU details a 4-part technical assistance programme including a Money Market Diagnostic Framework (MMDF), legal and regulatory review and reform, Tradeclear Feasibility, and wide-scale market training. The first activity is the kick-off workshop on the Money Market Diagnostic Framework (MMDF) held in Gaborone on 5 December 2023, attended by more than 40 persons from the central bank, commercial banks, the SADC and IMF. The MMDF is made possible with the financial support of the UNECA.