Source: International Monetary Fund (IMF) |

Statement by International Monetary Fund (IMF) Deputy Managing Director Tao Zhang at the Conclusion of His Visit to Botswana

The International Monetary Fund (IMF) looks forward to strengthening its partnership and collaboration with Botswana and its people

Mr. Tao Zhang, Deputy Managing Director of the International Monetary Fund (IMF), visited Botswana during February 4­-7. At the conclusion of his visit, Mr. Zhang made the following statement: “I want to thank His Excellency President Masisi, Minister of Investment, Trade and Industry Serame, Acting Permanent Secretary to the President…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Completes 2019 Article IV Mission to Botswana

An International Monetary Fund (IMF) team, led by Mr. Papa N’Diaye, visited Gaborone during November 13-27 to hold discussions for the 2019 Article IV Consultation with Botswana

Growth is expected to slow to about 3½ percent in 2019, due to weaknesses in the diamond market, a severe drought, and slower growth in neighboring countries. In 2020, it is expected to rise to 4.2 percent as the diamond market normalizes and copper production comes into stream; Fiscal consolidation…

Source: International Monetary Fund (IMF) |

IMF Executive Board Concludes 2017 Article IV Consultation with Botswana

Year-on-year inflation has remained stable near the lower band of the Bank of Botswana’s inflation objective range of 3–6 percent, with the 12-month rate of inflation at 3.5 percent in in May 2017

On July 28, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with Botswana, and considered and endorsed the staff appraisal without a meeting [2]. Following a small contraction in 2015, economic activity recovered in 2016 with real GDP growth of 4.3 percent.…

Source: International Monetary Fund (IMF) |

IMF Staff Concludes 2017 Article IV Visit to Botswana

Positive prospects for the diamond sector could lead to somewhat higher rates of GDP growth in 2017-19

Positive prospects for the diamond sector could lead to somewhat higher rates of GDP growth in 2017-19. Fiscal projections envisage moderate deficits this year and the next, with surpluses thereafter. Tax revenue reforms need to be accelerated to protect public finances against any adverse developments and maintain the country’s track…

Source: International Monetary Fund (IMF) |

IMF’s Regional Technical Assistance Center for Southern Africa Supports Strengthening Risk Based Supervision

On February 22–26, the International Monetary Fund’s (IMF) Regional Technical Assistance Center in Southern Africa (AFRITAC South) held a regional seminar at the Africa Training Institute in Mauritius on improving compliance with Risk Based Supervision (RBS) and Pillar 2 of Basel II. The event brought together senior and mid-level officials…

Source: International Monetary Fund (IMF) |

Conference on Small Middle-Income Countries in Sub-Saharan Africa: Joint Statement by Deputy Managing Director Min Zhu and Governor Linah Mohohlo of the Bank of Botswana

The Governor of the Bank of Botswana, Ms. Linah Mohohlo, and the Deputy Managing Director of the International Monetary Fund, Mr. Min Zhu, hosted today in Gaborone, Botswana, a regional conference entitled “Small Middle-Income Countries in Sub-Saharan Africa—Raising the Bar” [1]. Delegates included senior officials from a number of countries…

Source: International Monetary Fund (IMF) |

The IMF’s Regional Technical Assistance Center South Supports Strengthening the Administration of Large Taxpayers in the Southern Africa region

On October 5-9, 2015, AFRITAC South organized a seminar that brought together senior Tax Administration Officials in charge of designing, leading, and implementing tax administration systems for large taxpayers from Angola, Botswana, Comoros, Lesotho, Madagascar, Mauritius, Mozambique, Namibia, Seychelles, Swaziland, Zambia, and Zimbabwe. The event was hosted by the African…