World Bank casts doubt on growth targets
Friday, November 17, 2023 | 420 Views |
Sharing insights: A panel discussion during the World Bank engagement on the economy’s direction PIC: PHATSIMO KAPENG
The study looked at historical economic figures and the growth forecast going into the future, given the prevailing and forecast macroeconomic circumstances. The study was undertaken as part of a periodic obligation by the World Bank to member states, to carry out research and advice on policy actions to safeguard economic growth.
Unveiling the report last week in Gaborone, lead economist at the World Bank, Jacques Morisset, said that it will be difficult for Botswana to reach its medium-term targets as stated in national plans such as the Trans National Development Plan (TNDP). According to Morisset, Botswana has reached a plateau of economic growth with rates rising by diminished values since 2010.
That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...