mmegi

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
GCC should fix the Gabs water flow mess

The sight of submerged yards and closed roads is an inconvenience and a clear sign that the capital’s water passages pose a problem to residents. With more rain forecast, this is not a time for panic, as Gaborone City Council (GCC) Mayor Oarabile Motlaleng rightly urges, but it is most certainly a time for urgent, collective action.His appeal for calm must be matched by a firm commitment from both the GCC authorities and every single resident....

Have a Story? Send Us a tip
arrow up