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Botswana Faces an Uphill Battle to Attain High-Income Status

According to principals at the Bank of Botswana, an annual economic growth rate of 6 percent is necessary for Botswana to transition from an upper-middle income economy to high-income status by 2036

mm by Kabelo Adamson
July 27, 2023
in News
Reading Time: 1 min read
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Though Botswana’s economy has registered an average annual growth rate of 4 percent over the last decade, it will need to grow by at least 6 percent per year to achieve high-income status by the year 2036.

Speaking at an economic briefing on Wednesday, the Director of Research & Financial Stability at the Bank of Botswana (BoB), Innocent Molalapata, said Botswana’s annual economic growth has generally been low in the last 10 years.

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Tags: Bank of BotswanaInnocent Molalapata

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