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.

Nthaile misinformed Ntlo Ya Dikgosi on Butterfly, Khama says

Larona Makhaiza | 2d ago

New military justice system to transform discipline in the army

Pini Bothoko | 2d ago

MISA Botswana condemns emerging threats to media freedom

MISA . | 2d ago

Bushfire Festival to ignite cultural celebration in the heart of Kgalagadi

Nnasaretha Kgamanyane | 2d ago

Emergency probe as FMD tests national buffers

Mbongeni Mguni | 2d ago

FNB Premiership on a knife-edge

Kabelo Boranabi | 2d ago

'Ntungamili has always had genuine love for tennis'

Mqondisi Dube | 2d ago

Gov’t won’t apologise to Butterfly

Sharon Mathala | 2d ago

Child protection needs more than prevailing laws

The rise in defilement and missing persons cases, particularly over the recent festive period, points not merely to a failure of policing, but to a profound and widespread societal crisis. Whilst the Police chief’s plea is rightly directed at parents, the root of this emergency runs deeper, demanding a collective response from every corner of our community. Marathe’s observations paint a picture of neglect with children left alone for...

The Monitor Editor | 27 January 2026

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