BOTSWANA

Abstract

BOTSWANA

Title page

BOTSWANA

STAFF REPORT FOR THE 2022 ARTICLE IV CONSULTATION— INFORMATIONAL ANNEX

July 7, 2022

Prepared by

African Department in Consultation with the Statistics Department

Contents

  • RELATIONS WITH THE FUND

  • STATISTICAL ISSUES

Relations with the Fund

As of May 31, 2022

Membership Status: Joined July 24, 1968; Article VIII

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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 currency of Botswana is the Botswana pula. The de jure and de factor exchange rate arrangements are classified as a crawling peg. The official exchange rate of the pula is determined according to a weighted basket of currencies comprising the SDR and the South African Rand. As of June 21, 2022, the exchange rate of the U.S. dollar to the Pula was US$1= P12.25, and that of the South African rand to the Pula was R1=P0.76.

As of November 17, 1995, Botswana accepted the obligations under Article VIII, Sections 2(a), 3, and 4 of the Fund’s Articles of Agreement. Botswana maintains an exchange regime free of restrictions on the making of payments and transfers for current international transactions 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 May 27, 2021.

Statistical Issues

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Table 1.

Botswana: Table of Common Indicators Required for Surveillance

(As of June 22, 2022)

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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), local governments and extrabudgetary units.

Including currency and maturity composition.

Includes external gross financial asset and liability positions vis-à-vis nonresidents.

Botswana: 2022 Article IV Consultation -Press Release; Staff Report; and Statement by the Executive Director for Botswana
Author: International Monetary Fund. African Dept.