World Bank casts doubt on growth targets :: Mmegi Online

A recent study published by the World Bank on the prospects of Botswana reaching its economic targets has cast a cloud on the country’s aspirations, citing dampened prospects and a lack of tangible drivers of growth going forward.

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.

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