Botswana: Financial Sector Assessment Program-Technical Note on Financial Sector Safety Nets, Crisis Management, and Bank Resolution Framework

March 5, 2024

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Format: Chicago

Botswana: Financial Sector Assessment Program-Technical Note on Financial Sector Safety Nets, Crisis Management, and Bank Resolution Framework, (USA: International Monetary Fund, 2024) accessed November 21, 2024

Summary

The financial safety net framework in Botswana is incomplete, while crisis preparedness and management structures must be expanded.2 The Bank of Botswana (BoB) lacks an emergency liquidity support mechanism for commercial banks, bank resolution and liquidation remain under the Companies Act, and there is no deposit insurance system. A 2016 TA mission3 on “Banking Sector Safety Net and Crisis Management” identified many deficiencies. To date, there has been limited progress in achieving the recommendations.

Subject: Bank resolution, Bank resolution framework, Crisis management, Crisis Prevention, Financial crises, International organization, Lender of last resort, Monetary policy

Keywords: Bank of Botswana amendment Act, Bank recovery plan outline, Bank resolution, Bank resolution framework, Bank supervision department, BoB power, Core principle, Crisis management, Crisis prevention, D. deposit insurance, Global, International Monetary Fund publication service, Lender of last resort

Publication Details

Pages:

37
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2024/059
Stock No:

1BWAEA2024001
ISBN:

9798400269073
ISSN:

1934-7685

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