IMF Country Report No. 10/280 (Botswana), Sept 2010

According to this report, Botswana’s economy is rebounding after a significant setback following the global financial crisis. The economy entered the crisis from a position of considerable strength because of past prudent macroeconomic management. This facilitated a timely easing of fiscal and monetary policies, which helped cushion the impact on growth of the crisis and the subsequent collapse in demand for diamonds. The economy is likely to see some rebalancing beginning this year, as lower government spending dampens growth in the nonmining sector while recovery of the diamond sector accelerates. Click here to access the full report.