19th April 2021
The Botswana economy was already weakened before the COVID-19 pandemic hit, severely impacting the country’s buffers. While recovery looks to be underway, uncertainty is high and risks are dominated by the evolution of the pandemic and lower-than-expected diamond revenue, according to the International Monetary Fund.
In March, the IMF team led by Papa N’Diaye, head of the African Department Regional Studies Division, held virtual discussions with Botswana’s top officials, assessing the state of the economy.
“Botswana entered the COVID-19 crisis with larger buffers and lower public debt than other countries in sub-Saharan Africa (SSA), but significantly less than in the past,” said N’Diaye in a statement.
Botswana should speed up vaccine rollout to save economy – IMF sundaystandard.info - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sundaystandard.info Daily Mail and Mail on Sunday newspapers.
IMF Staff Completes 2021 Article IV Mission to Botswana HTML File
04/09/2021 | 11:47am EDT
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Message : April 9, 2021 End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF s Executive Board for discussion and decision. The COVID-19 crisis has severely impacted Botswana s economy. The relief measures implemented by the authorities helped moderate the immediate effects of the pandemic.
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IMF Staff Completes 2021 Article IV Mission to Botswana
End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.
The COVID-19 crisis has severely impacted Botswana’s economy. The relief measures implemented by the authorities helped moderate the immediate effects of the pandemic.
IMF Staff Completes 2021 Article IV Mission to Botswana einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.