IMF expects Botswana’s return to growth path

Friday, June 03, 2022 | 1440 Views |

On the mend: The IMF has identified the recovery of tourism as one of the anchors of the economy’s return to growth PIC: THALEFANG CHARLES

Researchers at the International Monetary Fund (IMF) expect higher prices and demand for diamonds, good rainfall, and increasing international tourist arrivals to anchor the local economy’s return to a growth trajectory this year.

In its World Economic Outlook released last month, the IMF forecast that Botswana’s economy would expand by 4.3 percent this year, the highest among its regional peers and comfortably above the 3.8 percent average expected for sub-Saharan Africa.

This week, IMF researchers released a further update following a board assessment conducted by the African Department in conjunction with local fiscal and monetary officials.

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IMF expects Botswana’s return to growth path

Researchers at the International Monetary Fund (IMF) expect higher prices and demand for diamonds, good rainfall, and increasing international tourist arrivals to anchor the local economy’s return to a growth trajectory this year.

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