IMF Staff Country Reports

Botswana: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Botswana

September 5, 2018

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Botswana: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Botswana, (USA: International Monetary Fund, 2018) accessed November 21, 2024

Summary

This 2018 Article IV Consultation highlights that sizable buffers and prudent policies have kept Botswana’s economy stable despite diamond market weakness and volatility. In 2017, despite higher diamond production, real GDP growth dropped to 2.4 percent primarily because of the closure of a major copper and nickel mining company. Non-mineral growth decelerated reflecting the indirect effects of the company’s closure on electricity and transportation, coupled with a small slowdown in trade and construction. In 2018–2019, it is expected that improving conditions in the diamond market and fiscal stimulus will temporarily boost economic activity. The medium-term economic outlook will depend heavily on the successful implementation of critical structural reforms.

Subject: Balance of payments statistics, Economic and financial statistics, Economic sectors, Expenditure, Fiscal policy, Fiscal stance, Government finance statistics, Public sector

Keywords: Africa, AFRITAC, AFRITAC South, Authorities' effort, Authority, Balance of payments statistics, Botswana, CR, Development model, East Africa, Financing requirement, Fiscal stance, Global, Government finance statistics, Growth potential, ISCR, Private sector growth, Public sector, Southern Africa, Steadfast commitment

Publication Details

  • Pages:

    82

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2018/268

  • Stock No:

    1BWAEA2018001

  • ISBN:

    9781484375426

  • ISSN:

    1934-7685