## Botswana: 2024 Article IV Consultation-Press Release and Staff Report

_IMF Staff Country Reports, September 10, 2024_

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## Bibliographic details
- Published: September 10, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400288135.002

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### Macroeconomic outlook and inflation
- Economic growth is expected to slow to 1 percent in 2024 primarily because of a diamond market contraction, before picking up next year.
- Inflation has declined sharply since the peak of mid-2022 and returned to the central bank’s medium-term objective range of 3–6 percent, where it is expected to remain in the medium term.

### Fiscal policy and public finances
- Some fiscal relaxation is warranted this year given the fall in mineral revenues.
- The ambitious capital budget should be streamlined to contain the deterioration of the deficit and prioritize projects with the highest value for money.

### Monetary policy and financial markets
- The monetary policy stance is appropriate.
- Monetary policy transmission remains limited, requiring further deepening of the interbank, credit, and government bond markets along the transmission chain.

### Structural reforms and growth model
- Reducing inequality and unemployment requires a more job-intensive, private sector-led, and export-oriented growth model.
- Priority reforms and investments include:
  - Reform of state-owned enterprises.
  - Improved infrastructure for doing business: internet, energy, and logistics.
  - Trade facilitation measures.
  - A more efficient social protection system.

### Publication and metadata (selected)
- Pages: 67
- Volume: 2024
- Issue: 286
- Series: Country Report No. 2024/286
- DOI: https://doi.org/10.5089/9798400288135.002
- ISBN: 9798400288135
- ISSN: 1934-7685
- Subjects: Environment, Financial sector policy and analysis, Financial sector stability, Non-renewable resources, Public debt, Revenue administration
- Keywords: Africa, diamond market contraction, Financial sector stability, Global, IMF team, IMF's article, Non-renewable resources, objective range, OPEC Fund for International Development, project obligations to fund, Southern Africa

*Source: Botswana: 2024 Article IV Consultation-Press Release and Staff Report (IMF Staff Country Reports 2024, 286).*

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_Source: https://www.imf.org/en/publications/cr/issues/2024/09/09/botswana-2024-article-iv-consultation-press-release-and-staff-report-554633_