Botswana: Selected Issues and Statistical Appendix

International Monetary Fund

No 2007/228, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper and Statistical Appendix on Botswana underlies that diamond reserves are not adequate to generate enough permanent revenue to support the current level of expenditure. Despite strong overall growth, in Botswana, a pattern of dependence on diamond revenue and high unemployment persists. Botswana, as a typical small open economy, is closely linked to a large neighboring economy. This linkage means Botswana’s monetary and exchange policies must consider the external economic environment, particularly the pula’s exchange rate against the rand.

Keywords: ISCR; CR; diamond revenue; inflation objective; B. inflation trend; reservation wage; dynamic error-correction inflation equation; year-on-year inflation; U.S. dollar; Inflation; Unemployment; Mining sector; Exchange rates; Africa; Global; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 102
Date: 2007-07-03
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Citations: View citations in EconPapers (3)

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