Reforms needed to avoid middle income trap ďż˝ BoB

Wright
Wright

Promotion of inclusive growth and continued evolvement of institutions are some of the key reforms Botswana has to implement if it is to graduate from a middle to higher income country, the Bank of Botswana (BoB) has advised.

Botswana, which attained Middle Income Country (MIC) status as far back as 1992, has seen slowing growth, while productivity has declined in recent years leading to fears that the country has been locked in a MIC trap.

While still positive, economic growth has slowed in Botswana, as previous growth drivers weaken and the rise in per capita income wanes.

Editor's Comment
Depression is real; let's take care of our mental health

It is not uncommon in this part of the world for parents to actually punish their children when they show signs of depression associating it with issues of indiscipline, and as a result, the poor child will be lashed or given some kind of punishment. We have had many suicide cases in the country and sadly some of the cases included children and young adults. We need to start looking into issues of mental health with the seriousness it...

Have a Story? Send Us a tip
arrow up