Botswana: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Botswana
June 22, 2010
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After several years of robust growth, real GDP growth slowed to 2.9 percent in 2008 owing to a decline in mining output. The nonmining primary deficit (NMPD) amounted to 28.6 percent of nonmining GDP in 2008/09, well above the 16.8 percent NMPD in 2007/08. Botswana continues to peg the pula to a basket of the rand and the SDR in an effort to maintain a stable real effective exchange rate (REER). The 12-month inflation rate fell to 8.4 percent in May 2009 from 15 percent in mid-2008, mostly reflecting reduced pressure on fuel and food prices.
Subject: Balance of payments statistics, Economic and financial statistics, Expenditure, External debt, Fiscal policy, Fiscal stance, Public debt
Keywords: Africa, Balance of payments statistics, Botswana economy, CR, diamond mining sector, diamond sector, diversification, diversification strategy, economy, Fiscal stance, Global, inflation objective, ISCR, Sub-Saharan Africa
Pages:
61
Volume:
2010
DOI:
Issue:
172
Series:
Country Report No. 2010/172
Stock No:
1BWAEA2010001
ISBN:
9781455206575
ISSN:
1934-7685
