Global financial crisis threatens NDP 10

"As we discuss the plan and in particular the financial resources projected for implementation of our programmes, let us bear in mind that we are operating in a fragile environment and need to move with caution," Assistant Minister of Finance, Samson Guma said on Monday when opening the five-day NDP 10 conference. Guma said although initial data may not show much impact, the global financial crisis will have some effect on the Botswana economy especially on NDP 10.

He asserted that the impact will be felt in terms of inflation, exports, the balance of payments, foreign exchange reserves and the domestic banking sector. It will have implications on Botswana's policies and practices regarding fiscal policy, financial stability and management of the foreign reserves.