IMF raises Botswana growth forecast

Botlhale
Botlhale

The International Monetary Fund (IMF) this week marginally revised upwards Botswana’s growth forecast for 2015, with the non-mining sector expected to drive economic activity.

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.

Editor's Comment
A step in the right direction

It has only been a month since the newly elected government, the Umbrella for Democratic Change (UDC), took power, and there are already a lot of changes. Across different ministries, ministers are hard at work. Following heavy rainfall and storms that hit Francistown recently, the Minister of State Presidency, Moeti Mohwasa, made a commitment that government will assist those affected by the heavy rains. Mohwasa, when addressing the media in...

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