Spending our way into a crisis

Recently the Bank of Botswana detonated a truth bomb with a 40-page analysis on how the country can transform into a high-income economy.

The analysis, made as part of the analytical section of the Bank’s 2018 Annual Report, was laid before a full session of Cabinet led by President Mokgweetsi Masisi recently. And according to the central bank governor, Moses Pelaelo, the analysis and its recommendations were “well received”.

The uncomfortable facts in there, however, have not been as well received by the general public, judging by the responses to excerpts of the analysis published by Mmegi and other media.

Editor's Comment
Happy Independence!

We are 56 years old and what do we have to show for it? Looking at where Botswana started and where it is today, there are a lot of developments, but whether the developments match the number of years we have enjoyed as a country is a topic for another day.The fact that cannot be denied is we have seen major developments, but we are still lacking in several pertinent areas.Our beautiful country imports almost everything. We import fuel, food,...

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