IMF expects Botswana’s growth to top Africa

Restarting the formula: Diamond mining is set to jump-start the economic recovery PIC: DEBSWANA.COM
Restarting the formula: Diamond mining is set to jump-start the economic recovery PIC: DEBSWANA.COM

The International Monetary Fund (IMF) expects the local economy to expand by 9.2 percent this year, the highest in Africa, in a significant revision of its 7.5 percent forecast made earlier in the year.

The IMF’s World Economic Outlook released this week indicates that researchers at the institute expect Botswana’s growth this year to considerably beat its sub-Saharan peers, with Seychelles second at 6.9 percent, Burkina Faso third with 6.7 percent and Cote d’Ivoire fourth with six percent.

Regionally, Zimbabwe is forecast to come second after Botswana in terms of growth with 5.1 percent, followed by South Africa with five percent and Lesotho with 2.8 percent. Botswana’s forecast growth is also comfortably above the sub-Saharan average of 3.7 percent forecast by the IMF.

Editor's Comment
Inspect the voters' roll!

The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...

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