IMF raises Botswana growth forecast
Friday, April 17, 2015
Botlhale
According to the IMF’s bi-annual World Economic Outlook (WEO) report released on Wednesday, Botswana economic growth is estimated at 4.5 percent in 2015.
The new forecast is marginally northwards of the 4.2 percent growth forecast for 2015 the Bretton Woods Institution had forecast in October 2014.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...