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IMF expects Botswana’s return to growth path

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
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.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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