IMF Staff Country Reports

Botswana: Staff Report for the 2002 Article IV Consultation

Publication Date:

November 5, 2002

Electronic Access:

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Summary:

This 2002 Article IV Consultation highlights that real GDP growth of Botswana slipped to an estimated 1¼ percent in 2001/02 (July–June), largely reflecting a downturn in the global diamond market and a drop in Botswana’s diamond production. The non-mining sectors performed better, especially the service industries. Their success is in part a product of Botswana’s market-friendly environment, sound macroeconomic policies, and investments in education and physical infrastructure. The overall fiscal balance moved into deficit in 2001/02 (April–March), only the second deficit in 20 years.

Series:

Country Report No. 2002/244

Subject:

Banking Budget planning and preparation Expenditure Fiscal policy Health HIV and AIDS Inflation Prices Public financial management (PFM)