Advertisement

Botswana can be regional financial hub � IMF

The IMF believes Botswana's financial system has the potential to  become a regional centre
The IMF believes Botswana's financial system has the potential to become a regional centre

Botswana’s financial sector is sound and stable and has the potential to be developed into a regional financial hub that can facilitate foreign direct investments, the International Monetary Fund (IMF) reckons.

In a country report released this week, the IMF said developing a regional financial hub can contribute to private sector development as it could adapt its services, regulation, and infrastructure to make investment by foreign investors easier and allow them to hedge risks.

The Bretton Woods institution believes this would enable capital to be efficiently channeled into investment projects.

Advertisement
Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

Have a Story? Send Us a tip
arrow up