AfDB avails P1.4bn to support Botswana

The funds, detailed in a Country Strategy Paper released this week, are expected to rise when authorities finalise the second part of an Economic Recovery Support Programme later this year. Under the first phase of the programme, government received $137 million (P1.5 billion) in September last year as post-COVID budget support.

According to the country strategy paper, the funding being made available by the AfDB is designed to support Botswana’s ambition to diversify its economy and speed up structural transformation for sustainable and inclusive growth.