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IMF sticks to dim Botswana forecast

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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.

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IMF sticks to dim Botswana forecast

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.

Human rights are sacred

Bakgatla Ba Kgafela celebrate as Kgosi Kgafela’s charges are dropped

First Lady's office hosts second annual thanks giving ceremony

PSLE performance on upward trend

Bona Life tee-off Maruapula Loxion Golf journey

Cops arrest young man, seize dagga in Metsimotlhabe

Second Mogoditshane rape attack in two weeks

Suspected suicide behind Sir Seretse Khama Barracks

Human rights are sacred