As Botswana faces growing financial pressures from declining diamond revenues and persistent deficits, the International Monetary Fund (IMF) has outlined a comprehensive reform plan aimed at restoring fiscal sustainability and strengthening the credibility of the country’s fiscal policy.
The IMF said the reforms, which include updating tax administration, improving budget planning and implementation, enhancing public investment oversight, and increasing financial reporting and transparency, are essential for rebuilding fiscal buffers and supporting long-term economic resilience. Success, the Fund stressed, will depend on strong political commitment, careful sequencing of reforms, and investment in institutional capacity.
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