World Bank warns Botswana...

Show room
Show room

Consumer spending has replaced diamonds as the key driver of economic growth, a trajectory that is unsustainable owing to Botswana’s weak private sector and high household indebtedness, warns the World Bank.

In a Systematic Country Diagnostic (SCD) report released recently, the World Bank says while the reduction in reliance on diamonds, as the anchor to economic output is welcome, growth that is largely dependent on consumer spending is not maintainable in the medium to long term.

“Weak capacity by the private sector to create jobs, low wage growth, and increasing household debt pose the highest risk to Botswana’s new growth and diversification trajectory, which is driven by the services sectors such as retail and vehicle trade,” reads the report, whose objective is to address the factors hampering inclusive growth in Botswana. 

Editor's Comment
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

Have a Story? Send Us a tip
arrow up