The envisaged modernisation of the Bank of Botswana Act and the institutional governance arrangements should help strengthen the Bank’s performance and roles in this regard. As Mr Molalapata will ably demonstrate, an effective central bank is key to durable and sustainable economic performance and, for Botswana, prospects for transition to high-income status.
Like most buildings here in the walled City of Intramuros, the original Ayuntamiento was destroyed in 1945 during the second World War. It has gone through a number of reconstructions after damages brought by fires and earthquakes. Its rehabilitation began in 2009 and was completed in 2013. A long and tedious process. Like Ayuntamiento, our financial markets have seen numerous transformations through time.