Botswana: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Botswana

April 11, 2016

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Botswana: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Botswana, (USA: International Monetary Fund, 2016) accessed November 21, 2024

Summary

This paper presents an overview of Botswana’s economy. Botswana’s diamond endowment—along with its track record of good macroeconomic policy management and political stability—contributed to high average economic growth and strong fiscal and balance-of-payments positions in recent years. Despite these achievements, Botswana faces unemployment, water and electricity shortages, and inefficiency of government operations. These challenges need to be addressed. Real GDP growth is estimated to be negative in 2015 owing to a decrease in global demand for diamonds and a deceleration of activity in the non-mining sector. However, the economy is expected to recover gradually in next three years driven by a gradual pick up in diamond prices and fiscal stimulus.

Subject: Banking, Economic and financial statistics, Expenditure, Fiscal policy, Fiscal stance, Government finance statistics, Labor, Public investment spending

Keywords: Accommodative monetary policy stance, Africa, CR, Deficit, Fiscal policy, Fiscal stance, GDP estimate, Global, Government finance statistics, Government spending, Infrastructure bottleneck, ISCR, Lesotho highlands-Botswana water transfer study, Public investment spending, SACU revenue, Southern Africa, Surplus

Publication Details

Pages:

70
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/103
Stock No:

1BWAEA2016001
ISBN:

9781484323489
ISSN:

1934-7685

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