Botswana: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Botswana

International Monetary Fund

No 2010/172, IMF Staff Country Reports from International Monetary Fund

Abstract: After several years of robust growth, real GDP growth slowed to 2.9 percent in 2008 owing to a decline in mining output. The nonmining primary deficit (NMPD) amounted to 28.6 percent of nonmining GDP in 2008/09, well above the 16.8 percent NMPD in 2007/08. Botswana continues to peg the pula to a basket of the rand and the SDR in an effort to maintain a stable real effective exchange rate (REER). The 12-month inflation rate fell to 8.4 percent in May 2009 from 15 percent in mid-2008, mostly reflecting reduced pressure on fuel and food prices.

Keywords: ISCR; CR; diamond sector; Botswana economy; economy; diversification; diversification strategy; inflation objective; diamond mining sector; Fiscal stance; Balance of payments statistics; Global; Africa; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 61
Date: 2010-06-22
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