World Bank upgrades Botswana growth forecast
Friday, January 12, 2018
The latest forecasts are contained in the bank’s Global Economic Prospects report released on Wednesday. The World Bank’s researchers also revised upwards their estimates for Botswana’s 2017-2018 growth from four percent to 4.5%.
The latest revisions are, however, still below the finance ministry’s own forecasts as contained in the September Budget Strategy Paper. The ministry expects 2017-2018 growth at 4.7% and 2018 growth to reach 5.3%. World Bank researchers said growth in the sub-Saharan region would be powered by resurgent commodity prices during the year.
The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...