Botswana: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Botswana
IMF Staff Country Reports, June 22, 2010
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- Botswana: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Botswana
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Bibliographic details
- Published: June 22, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455206575.002
Key economic developments
- Real GDP growth slowed to 2.9 percent in 2008, driven by a decline in mining output.
- The 12-month inflation rate fell to 8.4 percent in May 2009 from 15 percent in mid-2008, reflecting reduced pressure on fuel and food prices.
Fiscal stance and nonmining balance
- The nonmining primary deficit (NMPD) amounted to 28.6 percent of nonmining GDP in 2008/09.
- The NMPD was 16.8 percent of nonmining GDP in 2007/08.
Monetary policy and exchange rate regime
- 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).
Key statistics (as reported)
- Real GDP growth: 2.9 percent in 2008
- NMPD: 28.6 percent of nonmining GDP in 2008/09
- NMPD: 16.8 percent of nonmining GDP in 2007/08
- 12-month inflation rate: 8.4 percent in May 2009
- 12-month inflation rate: 15 percent in mid-2008
- Pages: 61
- Volume: 2010
- Issue: 172
- Series: Country Report No. 2010/172
- ISBN: 9781455206575
- ISSN: 1934-7685
- DOI: https://doi.org/10.5089/9781455206575.002
Botswana: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Botswana