Botswana: 2010 Article IV Consultation: Staff Report and Supplement; Public Information Notice on the Executive Board Discussion
Electronic Access:
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Summary:
The economy entered the crisis from a position of considerable strength because of past prudent macroeconomic management. Macroeconomic policies are being appropriately redirected away from short-term demand management toward medium-term considerations. Fiscal policy was strongly countercyclical during the past two years as the government ramped up spending despite a drop in revenues. The framework for managing the government’s assets and liabilities needs strengthening to cope with a more challenging fiscal environment. The authorities agreed that their development model would need to change.
Series:
Country Report No. 2010/280
Subject:
Balance of payments statistics Economic and financial statistics Expenditure External debt Financial statistics Public debt
English
Publication Date:
September 8, 2010
ISBN/ISSN:
9781455206582/1934-7685
Stock No:
1BWAEA2010002
Pages:
46
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