Mmegi

IMF sticks to dim Botswana forecast

Friday, November 08, 2024 | 1030 Views |

In the news: The next finance minister has their hands full guiding the fiscus back to stability while protecting the most vulnerable from shocks

The International Monetary Fund (IMF) has maintained its projection that the local economy will experience one percent growth this year, as the recovery of diamonds from their slump takes longer than expected.

In the April edition of its World Economic Outlook (WEO), the IMF had projected 3.6 percent growth for Botswana in 2024, whilst government at the time of the February budget speech, expected a 4.2 percent expansion.

In a September update, after meetings with local fiscal and monetary authorities, the IMF revised this down to one percent, noting the impact of the diamond downturn and the risk that recovery could take longer than expected.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Zebras to camp in Tunisia ahead of AFCON finals

Mqondisi Dube | 3 m ago

Search continues for Maun boy feared to have been taken by a crocodile

Larona Makhaiza | 13 h ago

Inimba Gets the Nod for Season 2 on Mzansi Magic

correspondent | 17 h ago

Peace conference addresses growing list of social ills

Laone Choeunyane | 21 h ago

GAYO Botswana and BA ISAGO University Forge Major Partnership to Advance Climate Education and Youth Leadership

correspondent | 21 h ago

Pastor accused of defiling Teen during counselling session

Larona Makhaiza | 21 h ago

FIFA World Cup draw – The countdown begins!

correspondent | 23 h ago

DIS Director's daughter rape case stalls

Larona Makhaiza,Opelo Rakereng | 23 h ago

Depression is real; let's take care of our mental health

It is not uncommon in this part of the world for parents to actually punish their children when they show signs of depression associating it with issues of indiscipline, and as a result, the poor child will be lashed or given some kind of punishment. We have had many suicide cases in the country and sadly some of the cases included children and young adults. We need to start looking into issues of mental health with the seriousness it...

The Monitor Editor | 02 December 2025

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More