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.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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