IMF forecast moderate growth in 2014

Wednesday, May 07, 2014

The International Monetary Fund (IMF) forecasts lower economic growth for Botswana this year largely due to slower recovery in diamond production coupled with subdued economic activity emanating from water and power shortages.

An IMF mission led by Lamin Leigh, which visited Gaborone last week to consult with Botswana government officials, says that the country is undergoing a cyclical recovery in line with its major trading partners although last year’s economic growth rate is unlikely to be matched this year.

“The economy grew faster than expected in 2013 at about 6 percent, owing to the improved performance of the mining sector.

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IMF forecast moderate growth in 2014

The International Monetary Fund (IMF) forecasts lower economic growth for Botswana this year largely due to slower recovery in diamond production coupled with subdued economic activity emanating from water and power shortages.

The audacity to be a unicorn

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