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14 Jul 2023
IMF Staff Completes 2023 Article IV Mission to Botswana
“Following a strong recovery of almost 12 percent growth in 2021, Botswana‘s economy grew by 5.8 percent in 2022, significantly above the long-run average of 4 percent. The recovery from the pandemic primarily reflects elevated mining production, but also robust manufacturing and construction. After peaking at 14.6 percent in August 2022, inflation has fallen gradually to 4.6 percent in June 2023, with lower oil prices delivering a steep decline in transport inflation. This has helped return inflation to the Bank of Botswana’s medium-term objective range of 3 - 6 percent.
