2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Botswana

Abstract

2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Botswana

Relations with the Fund

As of November 30, 2019

Membership Status: Joined July 24, 1968; Article VIII

article image
article image

Outstanding Purchases and Loans None

Financial Arrangements None

Project Obligations to Fund None

Implementation of HIPC Initiative Not Applicable

Implementation of Multilateral Debt Relief Initiative Not Applicable

Implementation of Catastrophe Containment and Relief Not Applicable

Exchange Rate Arrangement

The exchange rate of the Botswana Pula is a crawling peg arrangement against a weighted basket of currencies comprising the SDR and the South African Rand. As of January 16, 2020, the exchange rate of the U.S. dollar to the Pula was US$1= P10.72, and that of the South African rand to the Pula was R1=P0.74.

As of November 17, 1995, Botswana accepted the obligations of Article VIII, Sections 2, 3, and 4 of the Fund’s Articles of Agreement. The exchange rate regime is free of restrictions and multiple currency practices.

Article IV Consultation

Botswana is on a standard 12-month consultation cycle. The last Article IV consultation was concluded by the Executive Board on August 28, 2018.

IMF Technical Assistance 2018-December 2019

article image
article image

Statistical Issuest

article image
article image
Table 1.

Botswana: Table of Common Indicators Required for Surveillance

(As of January 16, 2020)

article image

Daily (D), weekly (W), monthly (M), quarterly (Q), annually (A), irregular (I), and not available (NA).

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, notes, and bond rates.

Foreign, domestic banks, 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.