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Botswana: 2017 Article IV Consultation-Press Release; Staff Report

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  • International Monetary Fund

Abstract

This 2017 Article IV Consultation highlights the recovery of Botswana’s economic activity in 2016: real GDP growth was 4.3 percent. Mineral production has remained subdued, but diamond sales rebounded as conditions in the global market began to improve. Nonmining activities also expanded, supported by accommodative fiscal and monetary policies and reforms in the electricity sector. Year-over-year inflation has remained stable near the lower band of the Bank of Botswana’s inflation objective range of 3–6 percent; the 12-month rate of inflation was 3.5 percent in May 2017. The fiscal position has also improved as the deficit narrowed from 4.6 percent of GDP in fiscal year 2015/16 to about 1 percent of GDP in 2016/17.

Suggested Citation

  • International Monetary Fund, 2017. "Botswana: 2017 Article IV Consultation-Press Release; Staff Report," IMF Staff Country Reports 2017/249, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2017/249
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    Cited by:

    1. Mohsen Bahmani-Oskooee & Hanafiah Harvey & Amr Hosny, 2019. "Kazakhstan trade with its partners and the role of tenge: an asymmetric analysis," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 9(4), pages 493-513, December.
    2. Maria Elkhdari & Moez Souissi & Mr. Andrew Jewell, 2018. "Empirical Estimation of Fiscal Multipliers in MENA Oil-Exporting Countries with an Application to Algeria," IMF Working Papers 2018/124, International Monetary Fund.
    3. Hossain, Sharif M. & Hosoe, Nobuhiro, 2020. "Welfare and equity impacts of cross-border factor mobility in Bangladesh: A general equilibrium analysis," Economic Modelling, Elsevier, vol. 87(C), pages 172-184.
    4. Zauresh Atakhanova, 2021. "Kazakhstan’s oil boom, diversification strategies, and the service sector," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 34(3), pages 399-409, October.
    5. Noland, Marcus, 2018. "US international economic policy in the Trump administration," MPRA Paper 84435, University Library of Munich, Germany.
    6. Alqahtani Abdullah Saeed S & Ouyang Hongbing & Ali Adam & Saleh Shayem, 2018. "Oil Prices, Domestic Resource Gaps, and Breakeven Oil Prices in the Oil-Exporting Countries," Economics, Sciendo, vol. 6(2), pages 9-26, December.
    7. Marcus Noland, 2018. "US Trade Policy in the Trump Administration," Asian Economic Policy Review, Japan Center for Economic Research, vol. 13(2), pages 262-278, July.
    8. Brocek, Frantisek & Lalinsky, Tibor, 2017. "Welfare in Slovakia and the EU — an alternative to GDP per capita," MPRA Paper 83456, University Library of Munich, Germany.

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