Turn financial crisis into opportunity,says economist

The former Bank of Botswana deputy governor said the country needs to go through the reforms if it is to achieve sustainable long-term growth. He said the impact of the global crisis illustrates the need to boost economic growth through regulatory and other reforms, and should certainly not be used as a reason to delay reforms.

In his economic quarterly review, the Bifm Investment Committee chairman said that public spending will not be a big driver of growth in the coming years as it has been in the past, reinforcing the need to address other constraints. "Many of these have long been identified, and include factors such as an overly-dominant public sector, unduly restrictive business licensing and immigration regulations, and limited availability of land.