IMF bullish on Botswana growth prospects

Optimistic: Matambo
Optimistic: Matambo

Botswana’s economic recovery is expected to strengthen to 4.5% this year before reaching almost five percent in 2018, supported by a pickup in diamond demand, public investment and structural reforms, the International Monetary Fund (IMF) believes.

In a country report released this week, the IMF said following a downturn in 2015, annual gross domestic product (GDP) growth is expected to gradually increase to 4.8% by 2018, supported by a recovery in the diamond market and moderate fiscal stimulus.

The IMF’s growth projection is more bullish than government forecasts. Presenting the 2017 national budget in February, finance minister, Kenneth Matambo said the local economy was expected to grow by 4.2% this year.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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