{"id":15129,"date":"2022-10-20T18:26:28","date_gmt":"2022-10-20T18:26:28","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/diamond-and-copper-production-tourism-expected-to-support-botswanas-growth"},"modified":"2022-10-20T19:00:56","modified_gmt":"2022-10-20T19:00:56","slug":"diamond-and-copper-production-tourism-expected-to-support-botswanas-growth","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/diamond-and-copper-production-tourism-expected-to-support-botswanas-growth","title":{"rendered":"Diamond and Copper Production, Tourism expected to Support Botswana\u2019s Growth"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>Strong demand for diamonds, increased copper production and an uptick in international tourist arrivals are expected to play a critical role in supporting Botswana\u2019s economic growth in 2022 and beyond, the World Bank has said.<\/b>
\nGrowth at 4.1%<\/b><\/p>\n

According to the Bretton Woods institute, following a robust growth rebound in 2021 (11.4 percent), Botswana\u2019s economic growth is projected at 4.1 percent in 2022 and to average 4 percent during 2023-2024 with diamonds, copper production and increased tourism playing a crucial role.<\/p>\n

\u201cThough inflation is expected to remain in double figures in 2022, Botswana\u2019s relatively strong public sector governance and predictable monetary policy framework will support macroeconomic stability in the medium term,\u201d the World Bank says in its recent report titled Macro Poverty Outlook for Botswana: October 2022.<\/p>\n

The report notes that Botswana\u2019s economic outlook hinges on the course of the war in Ukraine, diamond prices, the COVID-19 pandemic and implementation of fiscal consolidation and economic diversification reforms.<\/p>\n

\u201cThe approved short-term fiscal interventions to cushion households against rising inflation is projected to increase the fiscal deficit in 2022, despite the higher performance of mineral revenues,\u201d it warns.<\/p>\n

\u201cThe measures (VAT rate has declined from 14 to 12 percent with zero rating of VAT for cooking oil and fuel) announced in July will lead to reduced revenues.\u201d<\/p>\n

The World Bank notes that the projected deficit will be financed through external borrowing, increasing public debt.<\/p>\n

Med-term surplus<\/b><\/p>\n

\u201cHowever, in the medium-term, the fiscal balance is projected to turn into a surplus as authorities move ahead with fiscal consolidation focused on the wage bill, subventions, and SOE reforms,\u201d the report says.<\/p>\n

\u201cThe current account balance is projected to be in surplus in the medium-term, as the rebound in diamond production and favourable terms of trade owing to subdued diamond supply in Russia anchor the projected drop in SACU revenues.\u201d<\/p>\n

The World Bank report shows that Botswana\u2019s poverty \u2013 under the new upper-middle-income poverty line \u2013 is expected to decline slightly to 62.7 percent in 2022.<\/p>\n

\u201cA sustained reduction in poverty and inequality will require further progress on diversification and digitalisation reforms to enhance access to good private-sector jobs,\u201d it says.<\/p>\n

\u201cThere is a need to expedite the implementation of key strategic priorities by developing infrastructure, expanding social programmes, and improving public service delivery.\u201d<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. Strong demand for diamonds, increased copper production and an uptick in international tourist arrivals are expected to play a critical role in supporting Botswana\u2019s economic growth in 2022 and beyond, the World Bank has said. Growth at 4.1% According to the Bretton Woods institute, following a robust growth rebound in 2021 (11.4 […]<\/p>\n","protected":false},"author":84,"featured_media":15128,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,244],"tags":[233,237,234],"class_list":["post-15129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-to-homepage","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nDiamond and Copper Production, Tourism expected to Support Botswana\u2019s Growth - Botswana<\/title>\n<meta name=\"description\" content=\"Strong demand for diamonds, increased copper production and an uptick in international tourist arrivals are expected ...\" \/>\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\/diamond-and-copper-production-tourism-expected-to-support-botswanas-growth\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Diamond and Copper Production, Tourism expected to Support Botswana\u2019s Growth\" \/>\n<meta property=\"og:description\" content=\"Strong demand for diamonds, increased copper production and an uptick in international tourist arrivals are expected ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/diamond-and-copper-production-tourism-expected-to-support-botswanas-growth\" \/>\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=\"2022-10-20T18:26:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-20T19:00:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/10\/postQueueImg_27-63519acecf6ad.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"532\" \/>\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=\"2 minutes\" \/>\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\/diamond-and-copper-production-tourism-expected-to-support-botswanas-growth#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/diamond-and-copper-production-tourism-expected-to-support-botswanas-growth\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Diamond and Copper Production, Tourism expected to Support Botswana\u2019s Growth\",\"datePublished\":\"2022-10-20T18:26:28+00:00\",\"dateModified\":\"2022-10-20T19:00:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/diamond-and-copper-production-tourism-expected-to-support-botswanas-growth\"},\"wordCount\":391,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/diamond-and-copper-production-tourism-expected-to-support-botswanas-growth#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/10\/postQueueImg_27-63519acecf6ad.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/diamond-and-copper-production-tourism-expected-to-support-botswanas-growth#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/diamond-and-copper-production-tourism-expected-to-support-botswanas-growth\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/diamond-and-copper-production-tourism-expected-to-support-botswanas-growth\",\"name\":\"Diamond and Copper Production, Tourism expected to Support Botswana\u2019s Growth - Botswana\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/diamond-and-copper-production-tourism-expected-to-support-botswanas-growth#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/diamond-and-copper-production-tourism-expected-to-support-botswanas-growth#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/10\/postQueueImg_27-63519acecf6ad.jpg\",\"datePublished\":\"2022-10-20T18:26:28+00:00\",\"dateModified\":\"2022-10-20T19:00:56+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Strong demand for diamonds, increased copper production and an uptick in international tourist arrivals are expected ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/diamond-and-copper-production-tourism-expected-to-support-botswanas-growth#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/diamond-and-copper-production-tourism-expected-to-support-botswanas-growth\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/diamond-and-copper-production-tourism-expected-to-support-botswanas-growth#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/10\/postQueueImg_27-63519acecf6ad.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/10\/postQueueImg_27-63519acecf6ad.jpg\",\"width\":800,\"height\":532,\"caption\":\"Diamond and Copper Production, Tourism expected to Support Botswana\u2019s Growth\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/diamond-and-copper-production-tourism-expected-to-support-botswanas-growth#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/botswana\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Diamond and Copper Production, Tourism expected to Support Botswana\u2019s Growth\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#website\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/\",\"name\":\"Botswana\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/botswana\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Diamond and Copper Production, Tourism expected to Support Botswana\u2019s Growth - Botswana","description":"Strong demand for diamonds, increased copper production and an uptick in international tourist arrivals are expected ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/botswana\/all-news\/diamond-and-copper-production-tourism-expected-to-support-botswanas-growth","og_locale":"en_US","og_type":"article","og_title":"Diamond and Copper Production, Tourism expected to Support Botswana\u2019s Growth","og_description":"Strong demand for diamonds, increased copper production and an uptick in international tourist arrivals are expected ...","og_url":"https:\/\/www.africa-press.net\/botswana\/all-news\/diamond-and-copper-production-tourism-expected-to-support-botswanas-growth","og_site_name":"Botswana","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2022-10-20T18:26:28+00:00","article_modified_time":"2022-10-20T19:00:56+00:00","og_image":[{"width":800,"height":532,"url":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/10\/postQueueImg_27-63519acecf6ad.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/diamond-and-copper-production-tourism-expected-to-support-botswanas-growth#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/diamond-and-copper-production-tourism-expected-to-support-botswanas-growth"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Diamond and Copper Production, Tourism expected to Support Botswana\u2019s Growth","datePublished":"2022-10-20T18:26:28+00:00","dateModified":"2022-10-20T19:00:56+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/diamond-and-copper-production-tourism-expected-to-support-botswanas-growth"},"wordCount":391,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/diamond-and-copper-production-tourism-expected-to-support-botswanas-growth#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/10\/postQueueImg_27-63519acecf6ad.jpg","keywords":["Africa Press","Africa Press-Botswana","Botswana"],"articleSection":["all news","economy","to-homepage"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/botswana\/all-news\/diamond-and-copper-production-tourism-expected-to-support-botswanas-growth#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/diamond-and-copper-production-tourism-expected-to-support-botswanas-growth","url":"https:\/\/www.africa-press.net\/botswana\/all-news\/diamond-and-copper-production-tourism-expected-to-support-botswanas-growth","name":"Diamond and Copper Production, Tourism expected to Support Botswana\u2019s Growth - Botswana","isPartOf":{"@id":"https:\/\/www.africa-press.net\/botswana\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/diamond-and-copper-production-tourism-expected-to-support-botswanas-growth#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/diamond-and-copper-production-tourism-expected-to-support-botswanas-growth#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/10\/postQueueImg_27-63519acecf6ad.jpg","datePublished":"2022-10-20T18:26:28+00:00","dateModified":"2022-10-20T19:00:56+00:00","author":{"@id":"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Strong demand for diamonds, increased copper production and an uptick in international tourist arrivals are expected ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/diamond-and-copper-production-tourism-expected-to-support-botswanas-growth#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/botswana\/all-news\/diamond-and-copper-production-tourism-expected-to-support-botswanas-growth"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/diamond-and-copper-production-tourism-expected-to-support-botswanas-growth#primaryimage","url":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/10\/postQueueImg_27-63519acecf6ad.jpg","contentUrl":"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/10\/postQueueImg_27-63519acecf6ad.jpg","width":800,"height":532,"caption":"Diamond and Copper Production, Tourism expected to Support Botswana\u2019s Growth"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/botswana\/all-news\/diamond-and-copper-production-tourism-expected-to-support-botswanas-growth#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/botswana\/"},{"@type":"ListItem","position":2,"name":"Diamond and Copper Production, Tourism expected to Support Botswana\u2019s Growth"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/botswana\/#website","url":"https:\/\/www.africa-press.net\/botswana\/","name":"Botswana","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/botswana\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/posts\/15129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/comments?post=15129"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/posts\/15129\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/media\/15128"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/media?parent=15129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/categories?post=15129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/botswana\/wp-json\/wp\/v2\/tags?post=15129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}