The globalization of financial and real markets means that a foreign crisis can impact on the domestic financial system, and vice versa.
In other countries, a vibrant and highly liquid government securities market provides 6  a source of funding for government spending, including local authorities and other public sector entities. This option is  currently limited in Botswana and, therefore, its development offers a viable avenue for cost-effective domestic resource mobilisation for long-term investment and funding of government projects.