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Botswana: Selected Issues

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  • 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.

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  • International Monetary Fund, 2008. "Botswana: Selected Issues," IMF Staff Country Reports 2008/057, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2008/057
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=21706
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    References listed on IDEAS

    as
    1. International Monetary Fund, 2004. "Republic of Poland: Selected Issues," IMF Staff Country Reports 2004/218, International Monetary Fund.
    2. Mr. Atsushi Iimi, 2006. "Exchange Rate Misalignment: An Application of the Behavioral Equilibrium Exchange Rate (BEER) to Botswana," IMF Working Papers 2006/140, International Monetary Fund.
    3. Johansen, Soren, 1995. "Likelihood-Based Inference in Cointegrated Vector Autoregressive Models," OUP Catalogue, Oxford University Press, number 9780198774501.
    4. Mr. Joannes Mongardini & Mr. Alexander Chudik, 2007. "In Search of Equilibrium: Estimating Equilibrium Real Exchange Rates in Sub-Saharan African Countries," IMF Working Papers 2007/090, International Monetary Fund.
    5. Mr. Jan-Peter Olters, 2007. "Old Curses, New Approaches? Fiscal Benchmarks for Oil-Producing Countries in Sub-Saharan Africa," IMF Working Papers 2007/107, International Monetary Fund.
    6. Eva Gutierrez, 2007. "Export Performance and External Competitiveness in the Former Yugoslav Republic of Macedonia," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 5(2), pages 203-224.
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    Cited by:

    1. Burcu Aydin, 2011. "Ghana: Will it Be Gifted or Will it Be Cursed?," IMF Working Papers 2011/104, International Monetary Fund.

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