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Botswana :, 2013 Article IV Consultation

Botswana :, 2013 Article IV Consultation
This paper discusses 2013 Article IV Consultation highlights slower economic performance and financial risks in Botswana. The output growth is expected to remain broadly unchanged in 2013 as strong nonmining sector growth would offset the subdued mining output. Banks’ high exposure to households and the acceleration in the growth of unsecured lending are, however, potential vulnerabilities. The authorities are advised to continue to bolster their surveillance capacity to monitor financial sector developments and consider implementing macroprudential measures to temper the rate of growth of household borrowing
international or intergovernmental publication
Literary Form
non fiction
Main title
Botswana :
Nature of contents
Series statement
IMF Staff Country Reports
Sub title
2013 Article IV Consultation
Table Of Contents
Cover; CONTENTS; RECENT DEVELOPMENTS, OUTLOOK, AND RISKS; A. The Long-Term Setting; B. Current Conditions; FIGURES; 1. Recent Economic Developments; 2. Small Middle-Income Countries in Sub-Saharan Africa: Regional Comparison; C. Outlook and Risks; POLICY DISCUSSIONS; A. Policy Theme 1: Near-Term Macroeconomic Policies and Global Spillovers; B. Policy Theme 2: Pursuing a "Growth-Friendly" Fiscal Consolidation and Improving Labor Market Outcomes; 3. Public Sector Wage and Employment Policies are Creating Distortions in the Labor MarketC. Policy Theme 3: Strengthening the Monetary Regime and Enhancing Financial Stability4. Household Borrowing has Accelerated Mainly to Finance Private Consumption; D. Policy Theme 4: Reinvigorating Growth, Enhancing Inclusion and Promoting Economic Diversification; E. Other Surveillance Issues; 5. Botswana's Progress on Economic and Export Diversification Remains Lackluster; STAFF APPRAISAL; TABLES; 1. Authorities' Response to Past IMF Policy Recommendations; 2. Risk Assessment Matrix (RAM); 3. Selected Economic and Financial Indicators, 2009-174a. Central Government Operations, 2008/09-2016/174b. Central Government Operations, 2009/10-2017/18 (GFSM 2001 Classification); 4c. Central Government Operations, 2009/10-2017/18 (GFSM 2001 Classification); 4d. Botswana: Central Government Operations, 2008/09-2016/17; 4e. Botswana: Central Government Operations, 2007/08-2016/17; 5. Botswana: Balance of Payments, 2008-2017; 6. Botswana: Monetary Survey, 2008-2017; 7. Botswana: Banking System Prudential Indicators, 2007-2013; APPENDIXES; I. Managing Inward Global Spillovers; II. External Stability and Competitiveness AssessmentIII. Balancing Financial Inclusion and Stability-Policy Challenges from Household DebtCONTENTS; FUND RELATIONS; JOINT WORLD BANK AND IMF WORK PROGRAM; STATISTICAL ISSUES; TABLE; 1. BOTSWANA: COMMON INDICATORS REQUIRED FOR SURVEILLANCE; BOTSWANA: STAFF REPORT FOR THE 2013 ARTICLE IV CONSULTATION-DEBT SUSTAINABILITY ANALYSIS; MEDIUM-TERM PUBLIC DEBT SUSTAINABILITY; Tables; Table1. Botswana Public Sector Debt Sustainability Analysis (DSA) - Baseline Scenario; Figures; Figure 1. Botswana Public DSA - Composition of Public Debt and Alternative Scenarios; MEDIUM-TERM EXTERNAL DEBT SUSTAINABILITYTable 2. Country: External Debt Sustainability Framework, 2008-2018Figure 2. Country: External Debt Sustainability: Bound Tests; IMF Executive Board Concludes 2013 Article IV Consultation with Botswana; Executive Board Assessment; Statement by Mr. Saho on Botswana September 9, 2013; Recent Economic Developments; Real Growth; Inflation; Fiscal Policy; Monetary Policy and Exchange Rates; The Exchange Rate; Financial Sector Stability; Conclusion