{
  "title": "Botswana: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Botswana",
  "publication": "IMF Staff Country Reports, June 22, 2010",
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  "summary": "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.",
  "sections": [
    {
      "heading": "Key economic developments",
      "content": "- Real GDP growth slowed to 2.9 percent in 2008, driven by a decline in mining output.\n- The 12-month inflation rate fell to 8.4 percent in May 2009 from 15 percent in mid-2008, reflecting reduced pressure on fuel and food prices."
    },
    {
      "heading": "Fiscal stance and nonmining balance",
      "content": "- The nonmining primary deficit (NMPD) amounted to 28.6 percent of nonmining GDP in 2008/09.\n- The NMPD was 16.8 percent of nonmining GDP in 2007/08."
    },
    {
      "heading": "Monetary policy and exchange rate regime",
      "content": "- 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)."
    },
    {
      "heading": "Key statistics (as reported)",
      "content": "- Real GDP growth: 2.9 percent in 2008\n- NMPD: 28.6 percent of nonmining GDP in 2008/09\n- NMPD: 16.8 percent of nonmining GDP in 2007/08\n- 12-month inflation rate: 8.4 percent in May 2009\n- 12-month inflation rate: 15 percent in mid-2008\n- Pages: 61\n- Volume: 2010\n- Issue: 172\n- Series: Country Report No. 2010/172\n- ISBN: 9781455206575\n- ISSN: 1934-7685\n- DOI: https://doi.org/10.5089/9781455206575.002\n\nBotswana: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Botswana\n\n---\n\n Content in this bundle\n\n- cr10172\n  - cr10172 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr10172 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: June 22, 2010",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781455206575.002",
    "Real GDP growth slowed to 2.9 percent in 2008, driven by a decline in mining output.",
    "The 12-month inflation rate fell to 8.4 percent in May 2009 from 15 percent in mid-2008, reflecting reduced pressure on fuel and food prices.",
    "The nonmining primary deficit (NMPD) amounted to 28.6 percent of nonmining GDP in 2008/09.",
    "The NMPD was 16.8 percent of nonmining GDP 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).",
    "Real GDP growth: 2.9 percent in 2008",
    "NMPD: 28.6 percent of nonmining GDP in 2008/09",
    "NMPD: 16.8 percent of nonmining GDP in 2007/08",
    "12-month inflation rate: 8.4 percent in May 2009",
    "12-month inflation rate: 15 percent in mid-2008",
    "Pages: 61",
    "Volume: 2010",
    "Issue: 172",
    "Series: Country Report No. 2010/172",
    "ISBN: 9781455206575",
    "ISSN: 1934-7685",
    "DOI: https://doi.org/10.5089/9781455206575.002",
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