Macroeconomic Forecast Botswana

The record loan of US$1.5bn from the African Development Bank for budget support - Botswana's first borrowing from the bank in 17 years - will increase the country's external debt considerably. We see Botswana's external debt pile in the region of US$1.8bn in 2009. Despite its size, the loan should still be covered four-fold by the country's foreign reserves.

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