The International Monetary Fund (IMF) says Botswana’s economic growth is expected to slow to 3.8 percent in 2023 from 5.8 percent in 2022 “due to the projected decline in diamond production and the weaker global environment”. The statement recalled that the economy of Botswana grew almost 12 percent growth in 2021. In Botswana country report the IMF released today it is stated that total state owned enterprises (SOE) assets amounted to 32 percent of GDP in 2021. “Financial SOEs account for 14 percent of total assets, comprised of the Botswana Development Corporation (BDC), National Development Bank (NDB), Botswana Stock Exchange (BSE), and Botswana Savings Bank (BSB). The largest non-financial SOEs are Botswana Power Corporation (BPC) and Water Utilities Corporation,” the IMF country report stated.

Source: News Business Ethiopia September 01, 2023 05:11 UTC