Botswana: Selected Issues

International Monetary Fund

No 2008/057, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper suggests that it is essential to save a substantial portion of mineral revenues now to ensure fiscal sustainability for a post-diamond period. Taking the non-mineral primary balance into account can help clarify desirable fiscal policies. Botswana’s real effective exchange rate is broadly in line with economic fundamentals and consistent with external sustainability, indicating no threat to external stability. Export performance and other indicators suggest a number of structural competitiveness obstacles that could explain the low labor productivity and poor export and export diversification outcomes.

Keywords: ISCR; CR; revenue; mineral revenue; exchange rate; revenue projection; resource revenue; baseline revenue; interest rate; Non-renewable resources; Current account; Real effective exchange rates; Insurance; Real exchange rates; Africa; Global (search for similar items in EconPapers)
Pages: 35
Date: 2008-02-08
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Citations: View citations in EconPapers (1)

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