The African Development Bank (Af DB) will loan the government of Botswana $179.66 million to support efforts to restore post-pandemic fiscal stability and promote economic recovery. The funds will build on the successes of the first phase of the programme by supporting policy measures aimed at boosting economic recovery, increasing private sector participation, and promoting climate-smart agriculture and industrial development.The programme includes revenue-enhancing measures, the establishment of a public procurement regulatory authority, and the facilitation of public-private partnerships. It will also promote private sector-led agriculture and industrial transformation by approving a national policy on agricultural development and transformation, creating a meat industry regulator, and improving the investment facilitation regime.According to the Af DB, Botswana’s economy remains largely undiversified in terms of exports. It continues to be heavily dependent on diamond mining. It is imperative for Botswana to diversify its economy as much as possible for the sake of its economic sustainability.
