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Botswana is experiencing a significant slowdown from a diamond market contraction in 2023–24. Inflation has declined sharply since the peak of mid-2022 and returned to the central bank’s objective range, where it is expected to remain in the medium term. The authorities plan a fiscal expansion in FY2024 followed by two years of substantial adjustment to reach a fiscal surplus by FY2026. The external position should soften over the medium term, with FX reserves decreasing to 5 months of imports. The financial sector remains sound and stable despite the economic downturn.
Reports for 2002- include: The Annual report of the Council of Economic Advisers.
This brand new collection of articles looks at both traditional concerns in economic development such as aid, debt and the role of the IMF, but also at gender, brain drain, military expenditure and postcolonial theory.
Economic performance remains positive, with growth estimated at 31⁄2 percent in 2016 and projected at similar levels this year. Fiscal deficits remain contained, with strong tax revenues limiting the impact from rising war veteran pensions. The banking system is healthy and credit growth robust. Political tensions related to opposition protests earlier in the year have subsided, but some disagreements have emerged inside the governing coalition.
Under the current EFF, the authorities have made substantial progress in restoring macroeconomic stability and debt sustainability after being hit hard by the COVID-19 pandemic. Now, they would like to pivot to the deeper medium-term structural reforms needed to support structural balance of payments needs and promote sustainable and inclusive growth. To support this pivot, they have requested the cancellation of the current EFF and the approval of a new one. Concurrently, they have requested a program under the Resilience and Sustainability Facility (RSF) to help advance their climate agenda, including measures to enhance resilience to climate-related shocks.
From the earliest days of the cinema to the present, Shakespeare has offered a tempting bank of source material than the film industry has been happy to plunder. Shakespeare on Film deftly examines an extensive range of films that have emerged from the curious union of an iconic dramatist with a medium of mass appeal. The many films Buchanan studies are shown to be telling indicators of trends in Shakespearean performance interpretation, illuminating markers of developments in the film industry and culturally revealing about broader influences in the world beyond the movie theatre. As with other titles from the Inside Film series, the book is illustrated throughout with stills. Each chapter concludes with a list of suggested further reading in the field.
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Through the lens of the Asian Financial Crisis, this book documents how international organizations and national governments crafted legal responses, through corporate bankruptcy reforms, to the fragility of financial markets in East Asia and worldwide.
This 2016 Article IV Consultation highlights that economic outcomes in Sierra Leone have deteriorated sharply over the past two years. Growth declined dramatically from 20.7 percent in 2013, to 4.6 percent in 2014, and further to –21.1 percent in 2015. The budget is under severe pressure. Between mid-2014 and end-2015, the Leone depreciated 22 percent against the U.S. dollar. Banking sector vulnerabilities have increased. Living standards have also deteriorated significantly since late 2014. The medium-term outlook is somewhat positive, with growth projected to recover to 4.3 percent in 2016, increasing gradually to about 6.5 percent by 2020.