Botswana: 2007 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Botswana
February 8, 2008
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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. Maintaining fiscal surpluses over the medium term is essential to accumulate savings for the period when diamond revenues decline. Striking an appropriate balance between monetary and exchange rate policy objectives is critical. The banking sector is sound and near-term risks are well contained, but there is scope for financial sector reform. Continued structural reform and improvements in statistics are essential.
Subject: Balance of payments statistics, Economic and financial statistics, Environment, Fiscal policy, Fiscal stance, Income, National accounts, Non-renewable resources
Keywords: Africa, balance of payments, Balance of payments statistics, Botswana, Botswana authorities, Botswana economy, CR, economic statistics, Fiscal stance, Global, government, government data systems, Income, ISCR, Non-renewable resources, Sub-Saharan Africa, surplus
Pages:
65
Volume:
2008
DOI:
Issue:
058
Series:
Country Report No. 2008/058
Stock No:
1BWAEA2008002
ISBN:
9781451806489
ISSN:
1934-7685
