Botswana needs structural reforms-World Bank :: Mmegi Online

Botswana should make structural reforms in order to abate volatility and sustainability risks that the country is facing, says World Bank. In a recently published world development indicators and macro poverty outlook, the international financial institution highlighted the need for reforms in the water and energy sectors.

It also advised the country to address labour market distortions to spur private sector job creation. “Investments are needed in infrastructure and human capital, as well as establishment of trade, business environment, and immigration policies that encourage competition,” said the bank.

The World Bank stated that continuing electricity and water supply disruptions have impacted manufacturing, whereas the negative effects of a regional drought adversely affected agriculture. In contrast, it said, service and retail sectors led the non-mining sectors to overall growth of above three percent.

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