Cover IMF Staff Country Reports
Buy Book in Print
Botswana: Selected Issues
Author:
International Monetary Fund
Search for other papers by International Monetary Fund in
Current site
Google Scholar Close
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2008: Issue 057
Language:
English
Publication Date:
08 Feb 2008
DOI:
https://doi.org/10.5089/9781451806472.002
ISBN:
9781451806472
ISSN:
1934-7685
Pages:
35
Keywords:
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
Download PDF (2.6 MB) Download Epub
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.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund