In the context of the Bank of Botswana, the ongoing legislative review proposes changes to institutional arrangements at the Bank, including a provision for a statutory Monetary Policy Committee that will have external members.
8  A key objective is improving the general awareness of central banks’ functions and tools. In 2006 the then-president of the Federal Reserve Bank of Boston wrote: ‘In carrying out this very important responsibility, we employ the carrot as well as the stick, as the saying goes.