Gov’t reserves bounce back on diamond revenues
Friday, June 17, 2022 | 710 Views |
Optimistic: Mandlebe says the country’s fiscal stability is slowly improving
The reserves, managed by the Bank of Botswana (BoB), dropped to a record low of P3.3 billion in December 2020 due to withdrawals by treasury to finance the pandemic response. The reserves were measured at P18.3 billion in April 2020 when the virus was first confirmed in the country and have remained below that level since then.
Appearing before recent Parliament’s Public Accounts Committee, Finance Ministry permanent secretary, Wilfred Mandlebe said the rebound in diamond exports last year had helped the reserves to their strongest position in two years.
‘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...