Botswana’s Economy Is Back on Strong Growth Path on Gem Exports, IMF Says

Botswana’s economy is “back onto a strong growth trajectory” due to a rebound in diamond exports and good government policies, the International Monetary Fund said.

While inflation has accelerated there isn’t firm evidence of generalized price pressures in the southern African nation’s economy and the IMF supports the central bank’s neutral stance on interest rates, the Washington-based institution said in a statement on its website.

The government must continue efforts to reduce its large state wage bill, it said.

To contact the editor responsible for this story: Gordon Bell at gbell16@bloomberg.net

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