IMF bullish on Botswana growth prospects

Thursday, August 10, 2017

Botswana’s economic recovery is expected to strengthen to 4.5% this year before reaching almost five percent in 2018, supported by a pickup in diamond demand, public investment and structural reforms, the International Monetary Fund (IMF) believes.

In a country report released this week, the IMF said following a downturn in 2015, annual gross domestic product (GDP) growth is expected to gradually increase to 4.8% by 2018, supported by a recovery in the diamond market and moderate fiscal stimulus.

The IMF’s growth projection is more bullish than government forecasts. Presenting the 2017 national budget in February, finance minister, Kenneth Matambo said the local economy was expected to grow by 4.2% this year.

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IMF bullish on Botswana growth prospects

Botswana’s economic recovery is expected to strengthen to 4.5% this year before reaching almost five percent in 2018, supported by a pickup in diamond demand, public investment and structural reforms, the International Monetary Fund (IMF) believes.