Botswana: 2015 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Botswana
IMF Staff Country Reports, April 11, 2016
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- Botswana: 2015 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Botswana
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Bibliographic details
- Published: April 11, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484323489.002
Economic overview and recent performance
- Botswana’s diamond endowment, combined with a track record of good macroeconomic policy management and political stability, contributed to high average economic growth and strong fiscal and balance-of-payments positions in recent years.
- Real GDP growth is estimated to be negative in 2015 owing to a decrease in global demand for diamonds and a deceleration of activity in the non-mining sector.
- The economy is expected to recover gradually in next three years driven by a gradual pick up in diamond prices and fiscal stimulus.
Key challenges and structural constraints
- Unemployment.
- Water and electricity shortages.
- Inefficiency of government operations.
- Infrastructure bottleneck (keyword: infrastructure bottleneck).
Policy stance and near-term outlook
- Recovery drivers cited: gradual pick up in diamond prices and fiscal stimulus.
- Monetary policy descriptor from keywords: accommodative monetary policy stance.
- Fiscal considerations highlighted by keywords: deficit; fiscal policy; Fiscal stance; government spending; Public investment spending; SACU revenue; surplus.
Areas of statistical and analytical focus
- Subjects listed: Banking; Economic and financial statistics; Expenditure; Fiscal policy; Fiscal stance; Government finance statistics; Labor; Public investment spending.
- Keywords reflecting analytical emphasis: GDP estimate; Government finance statistics; ISCR; Lesotho highlands-Botswana water transfer study; Southern Africa; Global.
Publication metadata (selected)
- Pages: 70
- Volume: 2016
- Issue: 103
- Series: Country Report No. 2016/103
- DOI: https://doi.org/10.5089/9781484323489.002
- ISBN: 9781484323489
- ISSN: 1934-7685
International Monetary Fund. Botswana: 2015 Article IV Consultation; Press Release; Staff Report; and Statement by the Executive Director for Botswana (April 11, 2016).