Botswana: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Botswana

June 22, 2010

Preview Citation

Format: Chicago

Botswana: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Botswana, (USA: International Monetary Fund, 2010) accessed November 23, 2024

Summary

After several years of robust growth, real GDP growth slowed to 2.9 percent in 2008 owing to a decline in mining output. The nonmining primary deficit (NMPD) amounted to 28.6 percent of nonmining GDP in 2008/09, well above the 16.8 percent NMPD in 2007/08. Botswana continues to peg the pula to a basket of the rand and the SDR in an effort to maintain a stable real effective exchange rate (REER). The 12-month inflation rate fell to 8.4 percent in May 2009 from 15 percent in mid-2008, mostly reflecting reduced pressure on fuel and food prices.

Subject: Balance of payments statistics, Economic and financial statistics, Expenditure, External debt, Fiscal policy, Fiscal stance, Public debt

Keywords: Africa, Balance of payments statistics, Botswana economy, CR, Diamond mining sector, Diamond sector, Diversification, Diversification strategy, Economy, Fiscal stance, Global, Inflation objective, ISCR, Sub-Saharan Africa

Publication Details

Pages:

61
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2010/172
Stock No:

1BWAEA2010001
ISBN:

9781455206575
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports