Abstract
The major trends in terms of GDP growth rates, conditions of market forces, and the core inflation crisis in Botswana are analyzed in detail in the report. It has been suggested that although the recovery from the financial crisis of Botswana is the strongest compared with other middle-income countries, the overall results do not point toward a positive development in the economy. The need for authorities to take up certain measures and modify their methods of functioning is pivotal to Botswana's survival in the existing fragile economic environment.
Fund Relations
As of May 31, 2012
Membership Status
Joined July 24, 1968; Article VIII
General resources account
| SDR (million) | Percent of Quota | ||||||||||||||||||||||||||
| Quota | 87.80 | 100.00 | |||||||||||||||||||||||||
| Fund holdings of currenty | 59.73 | 68.03 | |||||||||||||||||||||||||
| Reserve position in Fund | 28.08 | 31.98 | |||||||||||||||||||||||||
| SDR (million) | Percent of Quota | ||||||||||||||||||||||||||
| Quota | 87.80 | 100.00 | |||||||||||||||||||||||||
| Fund holdings of currenty | 59.73 | 68.03 | |||||||||||||||||||||||||
| Reserve position in Fund | 28.08 | 31.98 | |||||||||||||||||||||||||
SDR Department
| SDR (million) | Percent of Quota | ||||||||||||||||||||||||||
| Net cumulative allocation | 57.43 | 100.00 | |||||||||||||||||||||||||
| Holdings | 87.04 | 151.56 | |||||||||||||||||||||||||
| SDR (million) | Percent of Quota | ||||||||||||||||||||||||||
| Net cumulative allocation | 57.43 | 100.00 | |||||||||||||||||||||||||
| Holdings | 87.04 | 151.56 | |||||||||||||||||||||||||
Outstanding Purchases and Loans None
Financial Arrangements None
Project Obligations to Fund None
Implementation of HIPC Initiative None
Exchange Rate Arrangements
The exchange rate of the Botswana pula is a crawling peg arrangement against a basket of currencies. As of June 18, 2012, the exchange rate of the U.S. dollar to the pula was US$1= P7.96, and that of the South African rand to the pula was R1=P0.9308.
Botswana accepted the obligations of Article VIII, Sections 2, 3, and 4 of the Fund’s Articles of Agreement, as of November 17, 1995, and maintains an exchange rate system free of restrictions in the making of transfers and payments for current international transactions.
Article IV consultation
Botswana is on a standard 12-month consultation cycle. The last Article IV consultation was concluded by the Executive Board on July 29, 2011.
Technical assistance
| Department | Dates | Purpose | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FAD | September 2000 | Implementation of VAT next steps | ||||||||||
| February 2002 | Tax administration (Southern Africa Development Community Region | |||||||||||
| November 2004 | Public expenditure management | |||||||||||
| February 2010 | Public financial management (scoping mission | |||||||||||
| September 2010 | Macro-fiscal framework, asset management, and accrual accounting | |||||||||||
| LEG | January 2006 | Review of amended VAT provisions | ||||||||||
| July 2006 | Review of central bank law | |||||||||||
| June 2007 | Review of VAT laws | |||||||||||
| July 2010 | Technical assistance in Fiscal Law | |||||||||||
| STA | May 2001 | Inspection for visit of long-term balance of payments advisor | ||||||||||
| October 2001 | Report on Standards and Code (ROSC) data module | |||||||||||
| July 2002; Feb. 2003 | BOP statistics: peripatetic visit | |||||||||||
| August 2003 | Monetary and financial statistics using the General Data Dissemination Standard (GDDS) | |||||||||||
| March 2004 | GDDS project for Anglophone Africa: Government Finance Stat. | |||||||||||
| June 2004 | GDDS project for Anglophone Africa: National accounts statistics | |||||||||||
| August 2004 | Follow-up mission: Money and banking statistics | |||||||||||
| Oct. 2004; May 2005 | GDDS project for Anglophone Africa: National accounts mission | |||||||||||
| June 2005 | Follow-up on monetary and financial statistics using the GDDS | |||||||||||
| August 2005 | Follow-up mission: GDDS quarterly balance of payments statistics | |||||||||||
| December 2005 | Technical assistance evaluation mission | |||||||||||
| March 2006 | GDDS project for Anglophone Africa: national accounts statistics | |||||||||||
| October 2006 | ROSC data module covering GDDS and Data Quality Assessment | |||||||||||
| Framework (DQAF) | ||||||||||||
| October 2007 | Monetary and financial statistics | |||||||||||
| Nov. 2007 – Nov. | Real sector statistics (resident regional advisor) | |||||||||||
| 2008 | ||||||||||||
| November 2008 | Money and banking statistics | |||||||||||
| February 2009 | Phase II Special Data Dissemination | |||||||||||
| Standard (SDDS)—Balance of Payments Statistics | ||||||||||||
| June 2009 – June | Real sector statistics (resident regional advisor) | |||||||||||
| 2010 | ||||||||||||
| February 2010 | Money and banking statistics | |||||||||||
| February 2010 | Regional Data Harmonization | |||||||||||
| MCM | January 2001 | Banking supervision advisor | ||||||||||
| February 2001 | Monetary operations | |||||||||||
| December 2001 | Macroeconomic and Financial Management Institute MEFMI—Monetary operations | |||||||||||
| August 2002 | Banking supervision, anti-money laundering | |||||||||||
| July 2004 | Non-bank Financial Institution (NBFI) supervision | |||||||||||
| August 2004 | Money and banking statistics follow-up | |||||||||||
| January, March 2007 | IMF-World Bank Financial Sector Assessment | |||||||||||
| Program (FSAP) | ||||||||||||
| March, September, | Inflation forecasting and modeling | |||||||||||
| December 2004 | ||||||||||||
| July 2006 | ||||||||||||
| December 2008 | ||||||||||||
| December 2009 | ||||||||||||
| January 2009 | Risk management framework | |||||||||||
| February 2009 | Payments systems (LT Resident Expert Assignment) | |||||||||||
| June 2009 | Risk management | |||||||||||
| July 2009 | Monetary operations | |||||||||||
| January 2011 | Risk management | |||||||||||
| February 2011 | Continuation of support on inflation forecasting and modeling | |||||||||||
| April 2011 | Implementation of central bank risk management | |||||||||||
| Department | Dates | Purpose | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FAD | September 2000 | Implementation of VAT next steps | ||||||||||
| February 2002 | Tax administration (Southern Africa Development Community Region | |||||||||||
| November 2004 | Public expenditure management | |||||||||||
| February 2010 | Public financial management (scoping mission | |||||||||||
| September 2010 | Macro-fiscal framework, asset management, and accrual accounting | |||||||||||
| LEG | January 2006 | Review of amended VAT provisions | ||||||||||
| July 2006 | Review of central bank law | |||||||||||
| June 2007 | Review of VAT laws | |||||||||||
| July 2010 | Technical assistance in Fiscal Law | |||||||||||
| STA | May 2001 | Inspection for visit of long-term balance of payments advisor | ||||||||||
| October 2001 | Report on Standards and Code (ROSC) data module | |||||||||||
| July 2002; Feb. 2003 | BOP statistics: peripatetic visit | |||||||||||
| August 2003 | Monetary and financial statistics using the General Data Dissemination Standard (GDDS) | |||||||||||
| March 2004 | GDDS project for Anglophone Africa: Government Finance Stat. | |||||||||||
| June 2004 | GDDS project for Anglophone Africa: National accounts statistics | |||||||||||
| August 2004 | Follow-up mission: Money and banking statistics | |||||||||||
| Oct. 2004; May 2005 | GDDS project for Anglophone Africa: National accounts mission | |||||||||||
| June 2005 | Follow-up on monetary and financial statistics using the GDDS | |||||||||||
| August 2005 | Follow-up mission: GDDS quarterly balance of payments statistics | |||||||||||
| December 2005 | Technical assistance evaluation mission | |||||||||||
| March 2006 | GDDS project for Anglophone Africa: national accounts statistics | |||||||||||
| October 2006 | ROSC data module covering GDDS and Data Quality Assessment | |||||||||||
| Framework (DQAF) | ||||||||||||
| October 2007 | Monetary and financial statistics | |||||||||||
| Nov. 2007 – Nov. | Real sector statistics (resident regional advisor) | |||||||||||
| 2008 | ||||||||||||
| November 2008 | Money and banking statistics | |||||||||||
| February 2009 | Phase II Special Data Dissemination | |||||||||||
| Standard (SDDS)—Balance of Payments Statistics | ||||||||||||
| June 2009 – June | Real sector statistics (resident regional advisor) | |||||||||||
| 2010 | ||||||||||||
| February 2010 | Money and banking statistics | |||||||||||
| February 2010 | Regional Data Harmonization | |||||||||||
| MCM | January 2001 | Banking supervision advisor | ||||||||||
| February 2001 | Monetary operations | |||||||||||
| December 2001 | Macroeconomic and Financial Management Institute MEFMI—Monetary operations | |||||||||||
| August 2002 | Banking supervision, anti-money laundering | |||||||||||
| July 2004 | Non-bank Financial Institution (NBFI) supervision | |||||||||||
| August 2004 | Money and banking statistics follow-up | |||||||||||
| January, March 2007 | IMF-World Bank Financial Sector Assessment | |||||||||||
| Program (FSAP) | ||||||||||||
| March, September, | Inflation forecasting and modeling | |||||||||||
| December 2004 | ||||||||||||
| July 2006 | ||||||||||||
| December 2008 | ||||||||||||
| December 2009 | ||||||||||||
| January 2009 | Risk management framework | |||||||||||
| February 2009 | Payments systems (LT Resident Expert Assignment) | |||||||||||
| June 2009 | Risk management | |||||||||||
| July 2009 | Monetary operations | |||||||||||
| January 2011 | Risk management | |||||||||||
| February 2011 | Continuation of support on inflation forecasting and modeling | |||||||||||
| April 2011 | Implementation of central bank risk management | |||||||||||
Joint World Bank and Imf Work Program
As of June 19, 2012
| Title | Products | Provisional Timing of Missions | Expected Delivery Date |
|---|---|---|---|
| A. Mutual Information on Relevant Work Programs | |||
| World Bank indicative work program in the next 12 months | 1. Morupule B Generation and Transmission Power Project (SIL/PCG | Approved in FY10; ongoing | |
| 2. HIV/AIDS Project | Approved FY09; ongoing | ||
| 3. Integrated Transport Project | Approved FY09; ongoing | ||
| 4. Northern Botswana Human-Wildlife Coexistence (Global Environment Facility) | Approved FY10; ongoing | ||
| 5. Development Policy Review (DPR): Competitiveness, Diversification and Growth | FY12; completed | ||
| 6. Fee-Based Technical Advisory Services for Water Sector Reform (Phase 3) | FY13 (preparation) | ||
| 7. Fee-Based Technical Advisory Services for Economic Diversification and Competitiveness | FY13 (preparation) | ||
| 8. Skills for Economic Diversification | FY12; completed | ||
| 9. Social Safety Net Assessment for Botswana | FY13; ongoing | ||
| 10. Poverty Assessment for Botswana | FY13 (preparation) | ||
| 11. Public Sector Management-Justice and Law System TA | FY12; ongoing | ||
| 12. Wealth Accounting and Valuation of Ecosystem Services for Botswana | FY12; ongoing | ||
| IMF work program in the next 12 months | STA TA on balance of payments, national accounts, consumer price index, and standardized reporting | Ongoing FY 2012 | |
| MCM TA on financial stability, nonbank | Ongoing FY | ||
| supervision, central bank risk management, payment system modernization, and reviewing banking legislation. | 2012 | ||
| FAD TA PFM, overall tax policy review, cash management and trade facilitation | Expected FY 2012 | ||
| FAD Macro-fiscal advisor | May 2012-May 2013 | ||
| LEG TA on banking and fiscal laws | FY 2012 | ||
| Article IV Consultation | May 2013 | ||
| Title | Products | Provisional Timing of Missions | Expected Delivery Date |
|---|---|---|---|
| A. Mutual Information on Relevant Work Programs | |||
| World Bank indicative work program in the next 12 months | 1. Morupule B Generation and Transmission Power Project (SIL/PCG | Approved in FY10; ongoing | |
| 2. HIV/AIDS Project | Approved FY09; ongoing | ||
| 3. Integrated Transport Project | Approved FY09; ongoing | ||
| 4. Northern Botswana Human-Wildlife Coexistence (Global Environment Facility) | Approved FY10; ongoing | ||
| 5. Development Policy Review (DPR): Competitiveness, Diversification and Growth | FY12; completed | ||
| 6. Fee-Based Technical Advisory Services for Water Sector Reform (Phase 3) | FY13 (preparation) | ||
| 7. Fee-Based Technical Advisory Services for Economic Diversification and Competitiveness | FY13 (preparation) | ||
| 8. Skills for Economic Diversification | FY12; completed | ||
| 9. Social Safety Net Assessment for Botswana | FY13; ongoing | ||
| 10. Poverty Assessment for Botswana | FY13 (preparation) | ||
| 11. Public Sector Management-Justice and Law System TA | FY12; ongoing | ||
| 12. Wealth Accounting and Valuation of Ecosystem Services for Botswana | FY12; ongoing | ||
| IMF work program in the next 12 months | STA TA on balance of payments, national accounts, consumer price index, and standardized reporting | Ongoing FY 2012 | |
| MCM TA on financial stability, nonbank | Ongoing FY | ||
| supervision, central bank risk management, payment system modernization, and reviewing banking legislation. | 2012 | ||
| FAD TA PFM, overall tax policy review, cash management and trade facilitation | Expected FY 2012 | ||
| FAD Macro-fiscal advisor | May 2012-May 2013 | ||
| LEG TA on banking and fiscal laws | FY 2012 | ||
| Article IV Consultation | May 2013 | ||
Statistical Issues
| I. Assessment of Data Adequacy for Surveillance |
| General: On November 30, 2010, the government of Botswana gazetted the commencement of the Statistics Act of 2009. Under the Act, the Central Statistics Office (CSO), which had been a department of the Ministry of Finance and Development Planning, was transformed into Statistics Botswana (SB), responsible for the country’s statistical system. SB will operate independently of the Ministry of Finance and Development Planning, with its own board of Directors. |
| Macroeconomic data are adequate for surveillance, but some shortcomings exist in terms of accuracy and reliability of the source data and the statistical techniques used in the compilation of national accounts, government finance, and balance of payments statistics. The timeliness of the central bank survey and detailed government expenditure data by economic classification needs to be increased to better support economic analysis and prepare Botswana for an eventual subscription to the Special Data Dissemination Standard (SDDS). Further improvements would include dissemination of readily available information on monthly production of diamonds and quarterly aggregate financial soundness indicators. |
| The authorities are working on a number of fronts to improve data quality and dissemination: (i) source data and methodologies are being reviewed for those data with obvious estimation problems/gaps, (ii) stronger collaboration is being sought among source data producers to secure consistency and reconcile discrepancies across data sets; (iii) the production of leading economic indicators is currently underway; and (iv) staff shortages are being addressed within budget constraints. A national population census is scheduled to begin the current fiscal year. |
| National Accounts: National accounts estimation has not kept pace with changes to the structure of the economy and needs to be rebased (the current base year is 1993/94). The Household Income and Expenditure Survey (HIES) (2002/03) and Labor Force Survey (2005/06) are out of date. Preliminary estimates based on the Botswana Core Welfare Indicators Survey (BCWIS) 2009/10 were realeased in late 2011. More frequent surveys would support a more robust estimation of private consumption and a better understanding of poverty and unemployment. |
| Price Statistics: The official monthly consumer price index (CPI) is available on a timely basis in the SB’s website. The index is comprehensive and provides breakdowns between urban and rural price data, and between prices of tradable (domestic and imported) and nontradable goods and services. Estimates from an outdated HIES are currently used for the weights of market expenditure for goods and services. Compilation challenges include undertaking a new HIES (ongoing) and the eventual inclusion of owner-occupied housing price data in the CPI. Compilation of producer or wholesale prices has been discontinued. |
| Government Finance Statistics: The concepts and definitions used in compiling government finance statistics generally follow the guidelines of the IMF’s 1986 Government Finance Statistics Manual (GFSM 1986) but cover only budgetary central government activities. No fiscal statistics are compiled for extra budgetary institutions, consolidated central government, or consolidated general government. No decision has been made by the authorities on adopting a “migration path” to the GFSM 2001 methodology, although the authorities are working with the Fund Statistics Department (STA) toward that endeavor. Recurrent and development expenditure data are published in an aggregate form. Development spending comprises a mixture of current and capital spending. |
| Monetary and Financial Statistics: Compilation practices are consistent with the Fund’s Monetary and Financial Statistics Manual. The central bank survey is currently available with a lag of usually about three months, which is well short of the two-week period recommended in the SDDS. STA’s recommendation is to make preliminary data available with clear identification of data status. The authorities prefer a more cautious approach to data dissemination to avoid reputation damage if the data require revisions. The BoB is seeking to expand the coverage of financial statistics to include the operations of nonbank financial intermediaries (NBFI), such as pension funds, insurance companies, and other financial corporations, such as unit trusts, finance companies, and financial auxiliaries. STA’s recommendation is to focus on data collection in a handful of large institutions within each NBFI category. |
| Balance of Payments and International Investment Position Statistics: Annual and quarterly balance of payments data are published in the Botswana Financial Statistics (BF) and the BoB’s Annual Report. Preliminary data are generally disseminated within two months of the end of the reporting period, while revised (final) data are available after nine months. The concepts, structure, and definitions of the balance of payments statistics follow the fifth edition of the Balance of Payments Statistics Manual (BPM5). Source data are adequate, but the International Transaction Reporting System (ITRS) data—as opposed to alternative survey data on services and transfer items in the current account—has become unreliable. Data compilation, estimation, and adjustments mostly employ sound techniques, but the methods used for estimating missing data (for example, unrecorded trade), f.o.b. /c.i.f. adjustment factors to import values, and flows from stock data are inadequate. Discrepancies exist in national accounts data concerning: (i) the valuation of diamond exports and (ii) imports, exports, and payments related to settlements within the Southern African Customs Union (SACU). Large errors and omissions in the 2008–2010 balance of payments statistics have complicated the assessment of external sustainability. |
| The BoB conducts an annual survey of Botswana’s investment and international investment position (IIP). A quarterly IIP survey is also produced for internal use with data from the ITRS. |
| External Debt: Public external debt data are of good quality and but timeliness could be improved (the latest published data is for March 2009). |
| II. Data Standards and Quality |
| Botswana has participated in the GDDS since late 2002. A Data ROSC and its updates were published in April 2002, March 2004, and April 2007, respectively. |
| III. Reporting to STA |
| Monetary data are reported for publication in International Financial Statistics using Standardized Report Forms and Botswana reports annual balance of payments and IIP data to STA. No government financial statistics are currently reported for publication in the Government Finance Statistics Yearbook. |
| I. Assessment of Data Adequacy for Surveillance |
| General: On November 30, 2010, the government of Botswana gazetted the commencement of the Statistics Act of 2009. Under the Act, the Central Statistics Office (CSO), which had been a department of the Ministry of Finance and Development Planning, was transformed into Statistics Botswana (SB), responsible for the country’s statistical system. SB will operate independently of the Ministry of Finance and Development Planning, with its own board of Directors. |
| Macroeconomic data are adequate for surveillance, but some shortcomings exist in terms of accuracy and reliability of the source data and the statistical techniques used in the compilation of national accounts, government finance, and balance of payments statistics. The timeliness of the central bank survey and detailed government expenditure data by economic classification needs to be increased to better support economic analysis and prepare Botswana for an eventual subscription to the Special Data Dissemination Standard (SDDS). Further improvements would include dissemination of readily available information on monthly production of diamonds and quarterly aggregate financial soundness indicators. |
| The authorities are working on a number of fronts to improve data quality and dissemination: (i) source data and methodologies are being reviewed for those data with obvious estimation problems/gaps, (ii) stronger collaboration is being sought among source data producers to secure consistency and reconcile discrepancies across data sets; (iii) the production of leading economic indicators is currently underway; and (iv) staff shortages are being addressed within budget constraints. A national population census is scheduled to begin the current fiscal year. |
| National Accounts: National accounts estimation has not kept pace with changes to the structure of the economy and needs to be rebased (the current base year is 1993/94). The Household Income and Expenditure Survey (HIES) (2002/03) and Labor Force Survey (2005/06) are out of date. Preliminary estimates based on the Botswana Core Welfare Indicators Survey (BCWIS) 2009/10 were realeased in late 2011. More frequent surveys would support a more robust estimation of private consumption and a better understanding of poverty and unemployment. |
| Price Statistics: The official monthly consumer price index (CPI) is available on a timely basis in the SB’s website. The index is comprehensive and provides breakdowns between urban and rural price data, and between prices of tradable (domestic and imported) and nontradable goods and services. Estimates from an outdated HIES are currently used for the weights of market expenditure for goods and services. Compilation challenges include undertaking a new HIES (ongoing) and the eventual inclusion of owner-occupied housing price data in the CPI. Compilation of producer or wholesale prices has been discontinued. |
| Government Finance Statistics: The concepts and definitions used in compiling government finance statistics generally follow the guidelines of the IMF’s 1986 Government Finance Statistics Manual (GFSM 1986) but cover only budgetary central government activities. No fiscal statistics are compiled for extra budgetary institutions, consolidated central government, or consolidated general government. No decision has been made by the authorities on adopting a “migration path” to the GFSM 2001 methodology, although the authorities are working with the Fund Statistics Department (STA) toward that endeavor. Recurrent and development expenditure data are published in an aggregate form. Development spending comprises a mixture of current and capital spending. |
| Monetary and Financial Statistics: Compilation practices are consistent with the Fund’s Monetary and Financial Statistics Manual. The central bank survey is currently available with a lag of usually about three months, which is well short of the two-week period recommended in the SDDS. STA’s recommendation is to make preliminary data available with clear identification of data status. The authorities prefer a more cautious approach to data dissemination to avoid reputation damage if the data require revisions. The BoB is seeking to expand the coverage of financial statistics to include the operations of nonbank financial intermediaries (NBFI), such as pension funds, insurance companies, and other financial corporations, such as unit trusts, finance companies, and financial auxiliaries. STA’s recommendation is to focus on data collection in a handful of large institutions within each NBFI category. |
| Balance of Payments and International Investment Position Statistics: Annual and quarterly balance of payments data are published in the Botswana Financial Statistics (BF) and the BoB’s Annual Report. Preliminary data are generally disseminated within two months of the end of the reporting period, while revised (final) data are available after nine months. The concepts, structure, and definitions of the balance of payments statistics follow the fifth edition of the Balance of Payments Statistics Manual (BPM5). Source data are adequate, but the International Transaction Reporting System (ITRS) data—as opposed to alternative survey data on services and transfer items in the current account—has become unreliable. Data compilation, estimation, and adjustments mostly employ sound techniques, but the methods used for estimating missing data (for example, unrecorded trade), f.o.b. /c.i.f. adjustment factors to import values, and flows from stock data are inadequate. Discrepancies exist in national accounts data concerning: (i) the valuation of diamond exports and (ii) imports, exports, and payments related to settlements within the Southern African Customs Union (SACU). Large errors and omissions in the 2008–2010 balance of payments statistics have complicated the assessment of external sustainability. |
| The BoB conducts an annual survey of Botswana’s investment and international investment position (IIP). A quarterly IIP survey is also produced for internal use with data from the ITRS. |
| External Debt: Public external debt data are of good quality and but timeliness could be improved (the latest published data is for March 2009). |
| II. Data Standards and Quality |
| Botswana has participated in the GDDS since late 2002. A Data ROSC and its updates were published in April 2002, March 2004, and April 2007, respectively. |
| III. Reporting to STA |
| Monetary data are reported for publication in International Financial Statistics using Standardized Report Forms and Botswana reports annual balance of payments and IIP data to STA. No government financial statistics are currently reported for publication in the Government Finance Statistics Yearbook. |
Table 1.
Botswana: Common Indicators Required for Surveillance
(As of June 19, 2012)
Daily (D), weekly (W), monthly (M), quarterly (Q), annually (A), irregular (I), and not available (NA).
Reflects the assessment provided in the data ROSC published on April 6, 2007, and based on the findings of the mission that took place from October 31 to November 13, 2006, for the data set corresponding to the variable in each row. The assessment indicates whether international standards concerning (respectively) concepts and definitions, scope, classification/sectorization, and basis for recording are fully observed (O), largely observed (LO), largely not observed (LNO), not observed (NO), or not available (NA).
Same as footnote 2, except referring to international standards concerning (respectively) source data, assessment of source data, statistical techniques, assessment and validation of intermediate data and statistical outputs, and revision studies.
Includes reserve assets pledged or otherwise encumbered as well as net derivative positions.
Both market-based and officially determined, including discount, money market, treasury bill, note, and bond rates.
Foreign, domestic bank, and domestic nonbank financing.
The general government consists of the central government (budgetary funds, extra budgetary funds, and social security funds) and state and local governments.
Including currency and maturity composition.
Table 1.
Botswana: Common Indicators Required for Surveillance
(As of June 19, 2012)
| Date of Latest Observation | Date Received | Frequency of Data1 | Frequency of Reporting1 | Frequency of Publication1 | Memo Items | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Data Quality—Methodological Soundness2 | Data Quality—Accuracy and Reliability3 | |||||||||||
| Exchange rates | 6/19/2012 | 6/19/2012 | D | D | D | |||||||
| International reserve assets and reserve liabilities of the monetary authorities4 | Mar 2012 | May 2012 | M | M | M | |||||||
| Reserve/base money | Mar 2012 | May 2012 | M | M | M | O, O, LO, O | LNO, O, LO, LO, LO | |||||
| Broad money | Mar 2012 | June 2012 | M | M | M | |||||||
| Central bank balance sheet | Mar 2012 | April 2012 | M | M | M | |||||||
| Consolidated balance sheet of the banking system | Mar 2012 | June 2012 | M | M | ||||||||
| Interest rates5 | 6/19/2012 | 6/19/2012 | D | D | D | |||||||
| Consumer price index | May 2012 | June 2012 | M | M | M | O, LO, O, O | LO, LO, LO, LO, O | |||||
| Revenue, expenditure, balance, and composition of financing6—general government7 | NA | NA | LO, LNO, LNO, LO | LO, O, LO, LO, LNO | ||||||||
| Revenue, expenditure, balance, and composition of financing6—central government | Feb 2012 | April 2012 | A/Q/M | Q | Q | |||||||
| Stocks of central government and central government-guaranteed debt8 | March 2012 | May 2012 | A | A | A | |||||||
| External current account balance | 2011 Q4 | April 2012 | A/Q | A | A | O, O, O, LO | LO, LO, LNO, O, LO | |||||
| Exports and imports of goods | March 2012 | May 2012 | M | M | M | |||||||
| GDP/GNP | 2011 Q4 | April 2012 | A/Q | A/Q | A/Q | LO, LO, LNO, LO | LO, LO, LNO, LO, LO | |||||
| Gross external debt | March 2012 | May 2012 | A/Q | A | A | |||||||
Daily (D), weekly (W), monthly (M), quarterly (Q), annually (A), irregular (I), and not available (NA).
Reflects the assessment provided in the data ROSC published on April 6, 2007, and based on the findings of the mission that took place from October 31 to November 13, 2006, for the data set corresponding to the variable in each row. The assessment indicates whether international standards concerning (respectively) concepts and definitions, scope, classification/sectorization, and basis for recording are fully observed (O), largely observed (LO), largely not observed (LNO), not observed (NO), or not available (NA).
Same as footnote 2, except referring to international standards concerning (respectively) source data, assessment of source data, statistical techniques, assessment and validation of intermediate data and statistical outputs, and revision studies.
Includes reserve assets pledged or otherwise encumbered as well as net derivative positions.
Both market-based and officially determined, including discount, money market, treasury bill, note, and bond rates.
Foreign, domestic bank, and domestic nonbank financing.
The general government consists of the central government (budgetary funds, extra budgetary funds, and social security funds) and state and local governments.
Including currency and maturity composition.
Table 1.
Botswana: Common Indicators Required for Surveillance
(As of June 19, 2012)
| Date of Latest Observation | Date Received | Frequency of Data1 | Frequency of Reporting1 | Frequency of Publication1 | Memo Items | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Data Quality—Methodological Soundness2 | Data Quality—Accuracy and Reliability3 | |||||||||||
| Exchange rates | 6/19/2012 | 6/19/2012 | D | D | D | |||||||
| International reserve assets and reserve liabilities of the monetary authorities4 | Mar 2012 | May 2012 | M | M | M | |||||||
| Reserve/base money | Mar 2012 | May 2012 | M | M | M | O, O, LO, O | LNO, O, LO, LO, LO | |||||
| Broad money | Mar 2012 | June 2012 | M | M | M | |||||||
| Central bank balance sheet | Mar 2012 | April 2012 | M | M | M | |||||||
| Consolidated balance sheet of the banking system | Mar 2012 | June 2012 | M | M | ||||||||
| Interest rates5 | 6/19/2012 | 6/19/2012 | D | D | D | |||||||
| Consumer price index | May 2012 | June 2012 | M | M | M | O, LO, O, O | LO, LO, LO, LO, O | |||||
| Revenue, expenditure, balance, and composition of financing6—general government7 | NA | NA | LO, LNO, LNO, LO | LO, O, LO, LO, LNO | ||||||||
| Revenue, expenditure, balance, and composition of financing6—central government | Feb 2012 | April 2012 | A/Q/M | Q | Q | |||||||
| Stocks of central government and central government-guaranteed debt8 | March 2012 | May 2012 | A | A | A | |||||||
| External current account balance | 2011 Q4 | April 2012 | A/Q | A | A | O, O, O, LO | LO, LO, LNO, O, LO | |||||
| Exports and imports of goods | March 2012 | May 2012 | M | M | M | |||||||
| GDP/GNP | 2011 Q4 | April 2012 | A/Q | A/Q | A/Q | LO, LO, LNO, LO | LO, LO, LNO, LO, LO | |||||
| Gross external debt | March 2012 | May 2012 | A/Q | A | A | |||||||
Daily (D), weekly (W), monthly (M), quarterly (Q), annually (A), irregular (I), and not available (NA).
Reflects the assessment provided in the data ROSC published on April 6, 2007, and based on the findings of the mission that took place from October 31 to November 13, 2006, for the data set corresponding to the variable in each row. The assessment indicates whether international standards concerning (respectively) concepts and definitions, scope, classification/sectorization, and basis for recording are fully observed (O), largely observed (LO), largely not observed (LNO), not observed (NO), or not available (NA).
Same as footnote 2, except referring to international standards concerning (respectively) source data, assessment of source data, statistical techniques, assessment and validation of intermediate data and statistical outputs, and revision studies.
Includes reserve assets pledged or otherwise encumbered as well as net derivative positions.
Both market-based and officially determined, including discount, money market, treasury bill, note, and bond rates.
Foreign, domestic bank, and domestic nonbank financing.
The general government consists of the central government (budgetary funds, extra budgetary funds, and social security funds) and state and local governments.
Including currency and maturity composition.