mmegi

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
BPF should get house in order

Speaker of the National Assembly, Dithapelo Keorapetse, has this week rightly washed his hands of the mess, refusing to wade into a party squabble that has no clear leadership and no single version of the truth.When a single party sends six different letters to the Speaker’s office, each claiming to be the authoritative voice, it is not just confusion, but an embarrassment.Keorapetse is correct to insist on institutional boundaries. Parliament...

Have a Story? Send Us a tip
arrow up