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Botswana: Staff Report for the 2002 Article IV Consultation

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  • International Monetary Fund

Abstract

This 2002 Article IV Consultation highlights that real GDP growth of Botswana slipped to an estimated 1¼ percent in 2001/02 (July–June), largely reflecting a downturn in the global diamond market and a drop in Botswana’s diamond production. The non-mining sectors performed better, especially the service industries. Their success is in part a product of Botswana’s market-friendly environment, sound macroeconomic policies, and investments in education and physical infrastructure. The overall fiscal balance moved into deficit in 2001/02 (April–March), only the second deficit in 20 years.

Suggested Citation

  • International Monetary Fund, 2002. "Botswana: Staff Report for the 2002 Article IV Consultation," IMF Staff Country Reports 2002/244, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2002/244
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