Botswana : 2010 Article IV Consultation: Staff Report and Supplement; Public Information Notice on the Executive Board Discussion

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Botswana : 2010 Article IV Consultation: Staff Report and Supplement; Public Information Notice on the Executive Board Discussion
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Volume/Issue:
2010/280
Series:
IMF Staff Country Reports
Author(s):
International Monetary Fund
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
September 2010
DOI:
http://dx.doi.org/10.5089/9781455206582.002
ISBN:
9781455206582
ISSN:
1934-7685
Page:
46
The economy entered the crisis from a position of considerable strength because of past prudent macroeconomic management. Macroeconomic policies are being appropriately redirected away from short-term demand management toward medium-term considerations. Fiscal policy was strongly countercyclical during the past two years as the government ramped up spending despite a drop in revenues. The framework for managing the government's assets and liabilities needs strengthening to cope with a more challenging fiscal environment. The authorities agreed that their development model would need to change.
Article

Botswana: Staff Report for the 2010 Article IV Consultation—Informational Annex

Author(s):
International Monetary Fund
Published Date:
September 2010
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