Botswana: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2008 Issue 057

Publication date: February 2008

ISBN: 9781451806472

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Economics- Macroeconomics , Natural Resources , 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

Also of interest

Grenada

Nepal

Peru

Republic of Congo : 2001 Article IV

Summary

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.