Country Report No. 2023/318

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 ongoing recovery from the pandemic primarily reflects elevated mining production. Inflation has declined sharply since August of 2022. After declining in 2022, FX reserves have stabilized and remained at adequate levels at end-2022. The unemployment rate remains elevated at 25 percent.

Jamaica has continued to make progress in enhancing fiscal, financial, AML/CFT policy frameworks, and data adequacy, and is implementing the ambitious climate policy agenda to support economic growth. These policies are supported by the PLL and RSF arrangements, which were approved on March 1, 2023, in an amount equivalent to SDR 727.51 million (about US$968 million) or 190 percent of quota, and SDR 574.35 million (about US$764 million) or 150 percent of quota, respectively (see Press Release No. 23/57).

High Level Summary Technical Assistance Report No. 2023/011

Working Paper No. 2023/179

Working Paper No. 2023/180

Working Paper No. 2023/178

Charting a Course Through Rough Seas: How Emerging Markets Can Navigate Tougher External Conditions - Keynote Address by First Deputy Managing Director Gita Gopinath at the South Africa Reserve Bank Biennial Conference

President Hoyer met with United Nations (UN) partners in New York last week. He underlined that the European Investment Bank (EIB) will do its part to increase the effectiveness and the volumes of financing devoted to delivering the Sustainable Development Goals (SDGs) and tackling the climate emergency.