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](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/mmegi/uploads/images/2023/11/17/92770.jpg&w=800&q=72&f=jpg&t=1)
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.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...