## Botswana: 2015 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Botswana

_IMF Staff Country Reports, April 11, 2016_

## Source details

**Canonical URL:** [Botswana: 2015 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Botswana](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)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/botswana-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-43863/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/botswana-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-43863/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/botswana-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-43863/bundle-manifest.json)

## 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).*

---

## Content in this bundle

- **_cr16103**
  - [_cr16103 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2016/_cr16103.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr16103 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2016/_cr16103.pdf){rel="external" type="application/pdf"}

---

_Source: 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_