IMF tips Botswana as emerging financial market

The report reckons that the crucial developments that presaged the arrival of institutional financial investors in emerging markets in the 1980s are taking place in parts of sub-Saharan Africa today.

Emerging financial markets are presently found in countries such as Singapore, Malaysia, India and Hong Kong. "Growth is taking off, the private sector is the key driver of that growth, and financial markets are opening up. The global environment has played a key role. The search for yield, triggered by significant global financial market liquidity, has encouraged investors to expand their horizons," said the report.