Botswana - Country Economic Memorandum
Botswana aspires to become a high-income economy and eradicate extreme poverty by 2036, but it has shifted from a top to a mid-range performer over the past decade. The public sector-led growth model built on diamond rents shows signs of exhaustion, while the economy has become more vulnerable to financial, climate and health shocks. Botswana can meet its aspirations and avoid getting caught in a middle-income country trap with a greater emphasis on creating the conditions for productivity-led inclusive growth. This report intends to be an input into the government’s strategic vision and policymaking to help move Botswana closer to its ambitious objective of becoming a high-income economy by 2036.
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Format: | Report biblioteca |
Language: | English en_US |
Published: |
Washington, DC: World Bank
2024-06-07
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Subjects: | PRODUCTIVITY ENHANCING POLICY, MACROECONOMIC AND STRUCTURAL POLICIES, MACROECONOMIC ANALYSIS OF ECONOMIC DEVELOPMENT, MACROECONOMIC PERFORMANCE, WAGES, INNOVATION AND PRODUCTIVITY, DECENT WORK AND ECONOMIC GROWTH, SDG 8, INDUSTRY, INNOVATION AND INFRASTRUCTURE, SDG 9, |
Online Access: | http://documents.worldbank.org/curated/en/099053024074019441/P5025701b81ac10521b04b1d6eeb5cb59fa https://hdl.handle.net/10986/41676 |
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Summary: | Botswana aspires to become a
high-income economy and eradicate extreme poverty by 2036,
but it has shifted from a top to a mid-range performer over
the past decade. The public sector-led growth model built on
diamond rents shows signs of exhaustion, while the economy
has become more vulnerable to financial, climate and health
shocks. Botswana can meet its aspirations and avoid getting
caught in a middle-income country trap with a greater
emphasis on creating the conditions for productivity-led
inclusive growth. This report intends to be an input into
the government’s strategic vision and policymaking to help
move Botswana closer to its ambitious objective of becoming
a high-income economy by 2036. |
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