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…

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.…

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…

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…

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.…

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…

IMF Executive Board Concludes Article IV Consultation with Botswana

On March 16, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Botswana. After a rapid recovery from the 2009 downturn, GDP growth is estimated to have turned slightly negative in 2015 owing to a decline in the global demand for diamonds and copper.…

IMF and Central Bank of Tanzania hold workshop on improved financial systems in Africa

On March 3–4, the International Monetary Fund (IMF) and the Bank of Tanzania (BoT) held a regional workshop – at the BoT Conference Center in Dar es Salaam – on improving the tools of analysis for assessing the health and soundness of financial systems across sub-Saharan Africa. The workshop was…

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…

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…