Botswana gets P570 million IMF boost

Botswana has been allocated P570 million in Special Drawing Rights(SDRs) by the International Monetary Fund(IMF) to boost its foreign exchange reserves, which have been depleted by the global economic recession.

With much of the world still mired in recession, the IMF says  the funds are part of a US$250 billion programme, which became effective on August 28, to  boost  liquidity and foreign exchange reserves for all its 186 members.

"The allocation is designed to provide liquidity to the global economic system by supplementing the Fund's member countries' foreign exchange reserves.

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

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