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International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Completes 2024 Article IV Mission to Botswana

Botswana’s economic growth decelerated from 5.5 percent in 2022 to 2.7 percent in 2023, below the long-run potential growth of 4 percent

Botswana’s economic growth is expected to slow to 1 percent in 2024, primarily because of a diamond market contraction; Inflation has declined sharply since the peak of mid-2022 and returned to the central bank’s objective range of 3 – 6 percent, where it is expected to remain in the medium term.…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board Concludes 2023 Article IV Consultation with Botswana

The authorities plan a fiscal expansion in FY2023 followed by two years of substantial fiscal adjustment to reach a small fiscal surplus by FY2025

Botswana’s growth is expected to slow to 3.8 percent in 2023 due to a projected decline in diamond production, before picking up over the following two years. Inflation has fallen since August 2022, and is now below the lower bound of the central bank's objective range; The authorities plan a…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

IMF Executive Board Concludes 2022 Article IV Consultation with Botswana

A successful vaccination campaign, prudent macroeconomic management, and strong demand for diamonds have allowed Botswana to recover to its pre-pandemic output level

The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Botswana and endorsed the staff appraisal without a meeting on a lapse-of-time basis. [1] A successful vaccination campaign, prudent macroeconomic management, and strong demand for diamonds have allowed Botswana to recover to its pre-pandemic output level.…

International Monetary Fund (IMF)
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…