## Botswana: 2005 Article IV Consultation—Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statements by the Authorities of Botswana

_IMF Staff Country Reports, February 23, 2006_

## Source details

**Canonical URL:** [Botswana: 2005 Article IV Consultation—Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statements by the Authorities of Botswana](https://www.imf.org/en/publications/cr/issues/2016/12/31/botswana-2005-article-iv-consultation-staff-report-staff-supplement-public-information-18938)

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## Bibliographic details
- Published: February 23, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451806434.002

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### Summary
- The staff report highlights key issues, recent developments, and policy discussions related to the 2005 Article IV Consultation on Botswana.
- The authorities are strengthening their structural reform agenda and implementing sector-specific development programs aimed at sustaining annual growth in the 5–6 percent range as targeted in their current medium-term development plan.
- Authorities recognized the importance of fiscal adjustment for maintaining macroeconomic stability.
- Authorities have no plans to move away from the exchange rate peg in the near term, but are exploring options regarding the monetary policy framework.

### Major findings and projections
- Growth target: sustaining annual growth in the 5–6 percent range.
- Emphasis on fiscal adjustment as central to maintaining macroeconomic stability.
- Continued commitment to the exchange rate peg in the near term; active exploration of monetary policy framework options.

### Structural reforms and sector programs
- Authorities are:
  - Strengthening the structural reform agenda.
  - Moving ahead with sector-specific development programs.
- Objective: support and sustain the medium-term growth target (5–6 percent).

### Fiscal and monetary policy discussion
- Fiscal policy:
  - Fiscal adjustment is recognized as important to macroeconomic stability.
- Monetary policy:
  - No planned departure from the exchange rate peg in the near term.
  - Authorities are exploring options for the monetary policy framework.

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/botswana-2005-article-iv-consultation-staff-report-staff-supplement-public-information-18938_