{"id":10395,"date":"2022-07-15T15:35:56","date_gmt":"2022-07-15T15:35:56","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/bw-needs-stronger-private-sector-world-bank"},"modified":"2022-07-15T16:09:04","modified_gmt":"2022-07-15T16:09:04","slug":"bw-needs-stronger-private-sector-world-bank","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/bw-needs-stronger-private-sector-world-bank","title":{"rendered":"BW Needs Stronger Private Sector-World Bank"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Botswana. <\/strong><\/span><b>Botswana can transform its economy, create jobs, reduce inequality, and achieve a resilient recovery from COVID-19 by increasing private sector participation and investment in its energy, water and sanitation, tourism, and other sectors, according to a new report published the World Bank Group.<\/b><\/p>\n<p>The report titled Botswana Country Private Sector Diagnostic (CPSD) highlights opportunities for investment and growth in Botswana and ways the country can achieve a more resilient, green, and sustainable economic future, including through regulatory improvements and diversification.<\/p>\n<p>The CPSD outlines regulatory gaps that hamper competition and productivity and suggests boosting access to finance for smaller businesses and increasing investment in skills development suited to the needs of the job market. The World Bank Group penned the report in conjunction with its member institution in International Finance Corporation.<\/p>\n<p>\u201cThe COVID-19 pandemic disrupted economic activity in Botswana and sharply reduced revenues from the diamond and tourism sectors,\u201d said Marie Francoise Marie-Nelly, World Bank Country Director for Botswana, Eswatini, Lesotho, Namibia and South Africa in a recent statement by the World Bank. \u201cThe World Bank is committed to supporting the government to enact reforms aimed at attracting private investment to diversify the economy and create jobs.\u201d<\/p>\n<p>IFC\u2019s Senior Country Manager for Botswana Carlos Katsuya said that Botswana\u2019s economy recorded rapid growth in the decades after independence, largely driven by diamond and mineral wealth, but the country experienced limited gains in employment and income equality. \u201cIncreasing private sector participation can help to unlock the investment needed to support the country\u2019s economic diversification agenda, create jobs, reduce income inequality, and bolster economic growth,\u201d he said in the statement.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/botswana\">Botswana<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Botswana. Botswana can transform its economy, create jobs, reduce inequality, and achieve a resilient recovery from COVID-19 by increasing private sector participation and investment in its energy, water and sanitation, tourism, and other sectors, according to a new report published the World Bank Group. The report titled Botswana Country Private Sector Diagnostic (CPSD) [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":10394,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8,16],"tags":[233,237,234],"class_list":["post-10395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>BW Needs Stronger Private Sector-World Bank - Botswana<\/title>\n<meta name=\"description\" content=\"Botswana can transform its economy, create jobs, reduce inequality, and achieve a resilient recovery from COVID-19 by ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/bw-needs-stronger-private-sector-world-bank\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BW Needs Stronger Private Sector-World Bank\" \/>\n<meta property=\"og:description\" content=\"Botswana can transform its economy, create jobs, reduce inequality, and achieve a resilient recovery from COVID-19 by ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/bw-needs-stronger-private-sector-world-bank\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-15T15:35:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-15T16:09:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/07\/postQueueImg_8-62d190fe71648.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"950\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bw-needs-stronger-private-sector-world-bank#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bw-needs-stronger-private-sector-world-bank\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"BW Needs Stronger Private Sector-World Bank\",\"datePublished\":\"2022-07-15T15:35:56+00:00\",\"dateModified\":\"2022-07-15T16:09:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bw-needs-stronger-private-sector-world-bank\"},\"wordCount\":287,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bw-needs-stronger-private-sector-world-bank#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/07\/postQueueImg_8-62d190fe71648.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/bw-needs-stronger-private-sector-world-bank#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bw-needs-stronger-private-sector-world-bank\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/bw-needs-stronger-private-sector-world-bank\",\"name\":\"BW Needs Stronger Private Sector-World Bank - 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