Botswana’s Future: Addressing Diversification and Development
After 50 years of independence, Botswana retains its upper-middle income status, benefiting from high GDP and effective governance and institutions. However, its economy remains heavily dependent on its mineral wealth, leaving it susceptible to external shocks and falling commodity prices, and progress is undermined by unemployment, income inequality and poverty.
In recent years, the government has developed a number of policies to encourage growth in key sectors, including agriculture, infrastructure and services, and in April this year, the African Development Bank approved a US $76.2 million line of credit to assist in this. More recently, the government launched its National Aid for Trade Strategy on 20 September, which aims to increase diversification and develop an export-led economy.
At this event, HE Mokgweetsi Eric Masisi, vice president of Botswana, will discuss the government’s plans to address Botswana’s socio-economic challenges and secure future economic stability through diversification and human development.