Botswana risks falling into the same economic traps that crippled Zambia and Nigeria if it fails to reduce its dependence on diamonds, the International Monetary Fund (IMF) has warned.
Speaking at the Bank of Botswana’s 50th Anniversary Symposium in Gaborone, Abebe Aemro Selassie, Director of the IMF’s African Department, said history provides “sobering reminders” of how over-reliance on a single commodity can lead to economic collapse.
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