Reforms needed to avoid middle income trap � 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
Batswana need to do better to stop FMD

It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

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