Botswana: Staff Report for the 2002 Article IV Consultation

Author: International Monetary Fund

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.

Volume/Issue: Volume 2002 Issue 244

Publication date: November 2002

ISBN: 9781451806397

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Topics covered in this book

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Business and Economics , Banks and Banking , Inflation , Health and Fitness , Public Finance , Taxation - General , 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

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Summary

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.