Botswana: Staff Report for the 2002 Article IV Consultation

International Monetary Fund

No 2002/244, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2002 Article IV Consultation highlights that real GDP growth of Botswana slipped to an estimated 1¼ percent in 2001/02 (July–June), largely reflecting a downturn in the global diamond market and a drop in Botswana’s diamond production. The non-mining sectors performed better, especially the service industries. Their success is in part a product of Botswana’s market-friendly environment, sound macroeconomic policies, and investments in education and physical infrastructure. The overall fiscal balance moved into deficit in 2001/02 (April–March), only the second deficit in 20 years.

Keywords: ISCR; CR; staff appraisal; VAT effect; staff expectation; Botswana; monetary policy; July launch; inflation objective; consumer price inflation; HIV and AIDS; Budget planning and preparation; Inflation; Global; Southern Africa (search for similar items in EconPapers)
Pages: 42
Date: 2002-11-05
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