IMF urges Botswana to focus on viable projects

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The executive board of the International Monetary Fund (IMF) has urged Botswana to exercise caution and focus on the most profitable and viable investments. The board’s remarks came after the IMF’s conclusion of Article IV Consultation with Botswana two weeks ago.

Article IV Consultations are bilateral discussions whereby the IMF consults annually with each member to assess each country’s economic health and to forestall future financial problems.

An IMF delegation visited Gaborone in December last year for discussions on the Article IV Consultation with Botswana. The focal point of the discussions was on near term policies to offset the current economic slowdown and on the reforms and investments needed to foster diversification and inclusive growth.

Editor's Comment
Tana project a welcome development

Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...

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