IMF Staff Country Reports

Botswana : 2010 Article IV Consultation: Staff Report and Supplement; Public Information Notice on the Executive Board Discussion

Author/Editor:

International Monetary Fund

Publication Date:

September 8, 2010

Electronic Access:

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Summary:

The economy entered the crisis from a position of considerable strength because of past prudent macroeconomic management. Macroeconomic policies are being appropriately redirected away from short-term demand management toward medium-term considerations. Fiscal policy was strongly countercyclical during the past two years as the government ramped up spending despite a drop in revenues. The framework for managing the government’s assets and liabilities needs strengthening to cope with a more challenging fiscal environment. The authorities agreed that their development model would need to change.

Series:

Country Report No. 10/280

Subject:

Article IV consultation reports Bank supervision Banking sector Botswana Crawling peg Economic indicators Fiscal consolidation Fiscal policy Fiscal reforms Inflation targeting Monetary policy Nonbank financial sector Public finance Public information Staff Reports