Botswana: 2010 Article IV Consultation: Staff Report and Supplement; Public Information Notice on the Executive Board Discussion

International Monetary Fund

No 2010/280, IMF Staff Country Reports from International Monetary Fund

Abstract: The economy entered the crisis from a position of considerable strength because of past prudent macroeconomic management. Macroeconomic policies are being appropriately redirected away from short-term demand management toward medium-term considerations. Fiscal policy was strongly countercyclical during the past two years as the government ramped up spending despite a drop in revenues. The framework for managing the government’s assets and liabilities needs strengthening to cope with a more challenging fiscal environment. The authorities agreed that their development model would need to change.

Keywords: ISCR; CR; economy; debt service; GDP; net; inflation expectation; double-dip recession; Botswana's economy; U.S. dollar; executive board discussion; Botswana authorities; Financial statistics; Balance of payments statistics; Africa; Global; Southern Africa (search for similar items in EconPapers)
Pages: 46
Date: 2010-09-08
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