{
  "title": "Botswana: 2015 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Botswana",
  "publication": "IMF Staff Country Reports, April 11, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/botswana-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-43863",
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  "summary": "This paper presents an overview of Botswana’s economy. Botswana’s diamond endowment—along with its 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.",
  "sections": [
    {
      "heading": "Economic overview and recent performance",
      "content": "- 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.\n- 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.\n- The economy is expected to recover gradually in next three years driven by a gradual pick up in diamond prices and fiscal stimulus."
    },
    {
      "heading": "Key challenges and structural constraints",
      "content": "- Unemployment.\n- Water and electricity shortages.\n- Inefficiency of government operations.\n- Infrastructure bottleneck (keyword: infrastructure bottleneck)."
    },
    {
      "heading": "Policy stance and near-term outlook",
      "content": "- Recovery drivers cited: gradual pick up in diamond prices and fiscal stimulus.\n- Monetary policy descriptor from keywords: accommodative monetary policy stance.\n- Fiscal considerations highlighted by keywords: deficit; fiscal policy; Fiscal stance; government spending; Public investment spending; SACU revenue; surplus."
    },
    {
      "heading": "Areas of statistical and analytical focus",
      "content": "- Subjects listed: Banking; Economic and financial statistics; Expenditure; Fiscal policy; Fiscal stance; Government finance statistics; Labor; Public investment spending.\n- Keywords reflecting analytical emphasis: GDP estimate; Government finance statistics; ISCR; Lesotho highlands-Botswana water transfer study; Southern Africa; Global."
    },
    {
      "heading": "Publication metadata (selected)",
      "content": "- Pages: 70\n- Volume: 2016\n- Issue: 103\n- Series: Country Report No. 2016/103\n- DOI: https://doi.org/10.5089/9781484323489.002\n- ISBN: 9781484323489\n- ISSN: 1934-7685\n\nInternational Monetary Fund. Botswana: 2015 Article IV Consultation; Press Release; Staff Report; and Statement by the Executive Director for Botswana (April 11, 2016).\n\n---\n\n Content in this bundle\n\n- cr16103\n  - cr16103 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr16103 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: April 11, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484323489.002",
    "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.",
    "Unemployment.",
    "Water and electricity shortages.",
    "Inefficiency of government operations.",
    "Infrastructure bottleneck (keyword: infrastructure bottleneck).",
    "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.",
    "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.",
    "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",
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