Botswana: Selected Issues

February 8, 2008

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Format: Chicago

Botswana: Selected Issues, (USA: International Monetary Fund, 2008) accessed November 21, 2024

Summary

This paper suggests that it is essential to save a substantial portion of mineral revenues now to ensure fiscal sustainability for a post-diamond period. Taking the non-mineral primary balance into account can help clarify desirable fiscal policies. Botswana’s real effective exchange rate is broadly in line with economic fundamentals and consistent with external sustainability, indicating no threat to external stability. Export performance and other indicators suggest a number of structural competitiveness obstacles that could explain the low labor productivity and poor export and export diversification outcomes.

Subject: Balance of payments, Current account, Environment, Financial institutions, Foreign exchange, Insurance, Non-renewable resources, Real effective exchange rates, Real exchange rates

Keywords: Africa, Baseline revenue, CR, Current account, Exchange rate, Global, Insurance, Interest rate, ISCR, Mineral revenue, Non-renewable resources, Real effective exchange rates, Real exchange rates, Resource revenue, Revenue, Revenue projection

Publication Details

Pages:

35
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/057
Stock No:

1BWAEA2008001
ISBN:

9781451806472
ISSN:

1934-7685

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