Botswana: Staff Report for the 2002 Article IV Consultation
November 5, 2002
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This 2002 Article IV Consultation highlights that real GDP growth of Botswana slipped to an estimated 1¼ percent in 2001/02 (July–June), largely reflecting a downturn in the global diamond market and a drop in Botswana’s diamond production. The non-mining sectors performed better, especially the service industries. Their success is in part a product of Botswana’s market-friendly environment, sound macroeconomic policies, and investments in education and physical infrastructure. The overall fiscal balance moved into deficit in 2001/02 (April–March), only the second deficit in 20 years.
Subject: Banking, Budget planning and preparation, Expenditure, Fiscal policy, Health, HIV and AIDS, Inflation, Prices, Public financial management (PFM)
Keywords: Botswana, Budget planning and preparation, consumer price inflation, CR, Global, HIV and AIDS, Inflation, inflation objective, ISCR, July launch, monetary policy, Southern Africa, staff appraisal, staff expectation, VAT effect
Pages:
42
Volume:
2002
DOI:
Issue:
244
Series:
Country Report No. 2002/244
Stock No:
1BWAEA0032002
ISBN:
9781451806397
ISSN:
1934-7685
