I am aware that the Bank of Botswana, with its stability-oriented monetary policy - the conditions for which were improved still further in 1997 following the modernisation of the Bank of Botswana Act - has for years been making a substantial contribution to the much above-average performance of the Botswanan economy in Africa, even if a number of structural adjustments still need to be made.
In the medium-term perspectives of 2015–2018, global economy is expected to grow at an average rate of 3,9%, driven by expected improvement of economic activities within the United States. Prices of non-oil and gas commodities are expected to increase, albeit limited. Nevertheless, prospect of global oil price needs to be carefully monitored because it can potentially increase due to ongoing global economic recovery.