Reform to avoid middle-income trap, IMF advises

While sub-Saharan Africa remains the second fastest–growing region in the world, the small middle-income countries, including Botswana, are among the slowest growing in the region and there are significant downside risks to their outlook.

Delivering a keynote address at a regional conference jointly hosted with the Bank of Botswana (BoB) in Gaborone on Friday, IMF deputy managing director, Min Zhu, warned that unless new growth plans are carved, fears of the middle-income trap could become a reality.