World Bank urges Botswana to invest more in infrastructure
Friday, October 28, 2016
In the latest world development indicators and macro poverty outlook, the bank said the country should establish a trade and business environment, as well as immigration policies that encourage competition.
The bank stated that continued delays in upgrading electricity and water infrastructure will dampen non-mining activity, especially in the manufacturing sector.
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...