Botswana jumps up competitiveness rankings
Wednesday, May 10, 2017
However, the country still lags behind when compared to South Africa and Mauritius.
In the recently released 2017 Global Competitiveness Index (GCI) of the World Economic Forum (WEF), Botswana is ranked 64th out of 138 countries. This marks an improvement of eight positions, relative to the previous report.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...