Botswana: 2007 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, February 8, 2008
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- Botswana: 2007 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: February 8, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451806489.002
Overview
- Sound macroeconomic policies, good governance, and high levels of investment, supported by diamond and other mineral production, have moved Botswana into the ranks of middle-income countries.
- Continued structural reform and improvements in statistics are essential.
Fiscal policy and medium-term stance
- Maintaining fiscal surpluses over the medium term is essential to accumulate savings for the period when diamond revenues decline.
- Fiscal discipline is emphasized to build buffers against future declines in non-renewable resource revenues.
Monetary and exchange rate policy
- Striking an appropriate balance between monetary and exchange rate policy objectives is critical.
Financial sector assessment
- The banking sector is sound and near-term risks are well contained.
- There is scope for financial sector reform to strengthen resilience and efficiency.
Structural reform and statistics
- Continued structural reform is necessary to sustain growth prospects beyond the mineral sector.
- Improvements in statistics are essential to support policy formulation and monitoring.
IMF Staff Country Report: Botswana: 2007 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Botswana.