Botswana - The Economic Diversification Support Programme


Project Summary

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
Sector Multi-Sector
DAC Sector Code 11330
Commitment U.A 1,062,480,963.88
Status Completion

Project General Description

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.

Project Objectives

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).

Beneficiaries

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.

Participating Organization

Funding
African Development Bank
Implementing
Ministère des Finances et de la Planification du Développement

Information

IATI identifier 46002-P-BW-K00-001
Last Update 21 Oct 2020

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Contact Details

Name LUMBILA Kevin Numbi
Email k.lumbila@afdb.org

Geographic Location

Country Botswana