Botswana: Selected Issues

August 31, 2023

Preview Citation

Format: Chicago

Botswana: Selected Issues, (USA: International Monetary Fund, 2023) accessed November 12, 2024

Summary

This Selected Issues paper discusses reforming the state-owned enterprises (SOE) sector in Botswana. The authorities are committed to diversifying the economy and growing the relative size of the private sector but, until now, progress has been limited. Compared to other emerging markets, SOEs operate in similar industries but government ownership is considerably higher in Botswana. The authorities are taking steps to liberalize some sectors, as part of efforts to enhance productivity and improve market functioning. Two entities are involved in the oversight and monitoring of SOEs, potentially creating risks of overlap and duplication. A review of past country experiences with SOE reforms highlights several key ingredients for success. A favorable political environment combined with strengthened state oversight and monitoring functions. Several countries now subject SOEs to competition law, compensating them for public service obligations, requiring them to separate the accounts of commercial and noncommercial activities, setting guidelines for financing decisions, or establishing financial performance targets.

Subject: Economic sectors, Exchange rate arrangements, Exchange rate flexibility, Foreign exchange, Inflation, International organization, Monetary policy, Prices, Public enterprises, Real effective exchange rates

Keywords: Africa, C. SOE performance, Exchange rate arrangements, Exchange rate flexibility, Generation capacity, Global, Inflation, Public enterprises, Real effective exchange rates, SOE assets, SOE health check tool result, SOE profitability

Publication Details

Pages:

39
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/318
Stock No:

1BWAEA2023003
ISBN:

9798400252365
ISSN:

1934-7685

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