|Approval Date||02 Jun 2009|
|Signature Date||03 Aug 2009|
|Planned Completion Date||30 Jun 2011|
|Last Disbursement Planned Date||30 Jul 2011|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||11330|
The present Economic Diversification Support Programme (EDSL) is designed to support the implementation of the Government’s 2009/10 budget aimed at alleviating the negative impact of the global financial and economic crisis on Botswana’s economy. It should permit to fill part of the budget deficit (13.5% of GDP) through the creation of a competitive environment conducive to accelerating private sector growth, economic diversification and poverty reduction. The programme should also reinforce GoB’s efforts to sustain growth, employment and poverty reduction in the long run. The EDSL focuses on the following key areas of reforms (i) promotion of privatization and Public-Private-Partnership (PPP) initiatives, (ii) Improvement of competitiveness and trade, and (iii) improvement of financial sector governance and strengthening of the regulation of nonbank financial institutions.
The program’s sector goal is to create competitive conditions for accelerated private sector growth, economic diversification and poverty reduction. This will facilitate, in the long-term, reduction of dependence on mineral revenue and help to alleviate the negative impact of the global financial and economic crisis on Botswana’s economy, in particular fiscal sustainability. The operational policy objectives of the program are: (a) promoting the private sector as the mainstay of economic growth, and (b) deepening the financial sector and strengthening the regulation of Nonbank Financial Institutions (NBFIs).
The EDSL is designed to assist the GoB to implement the 2009/10 budget which represents a stimulus package in response to the global financial and economic crisis. Therefore, the GoB is the direct beneficiary, while the private sector actors and the entire population of Botswana who will benefit from an improved private sector environment and pro-poor budget allocation for better quality social services delivery, are the indirect beneficiaries.
African Development Bank
Ministère des Finances et de la Planification du Développement
|Last Update||21 Oct 2020|
|Name||LUMBILA Kevin Numbi|