Reform to avoid middle-income trap, IMF advises

IMF Deputy Chief, Zhu
IMF Deputy Chief, Zhu

Botswana and other Small Middle Income Countries (SMICs) should rethink their growth strategies if they are to graduate to the next developmental stage of an upper-income country, an International Monetary Fund (IMF) official has advised.

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.

Editor's Comment
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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