From the Bank of Botswana’s perspective, it is important that the formulation of monetary policy and effective discharge of the central bank’s primary mandate are not constrained by perennial concerns about the health of banks; and, in turn, that banks are not so encumbered by internal weaknesses that they are unable to  12  respond to, and effect, changes in the Bank Rate, that is, implement a policy decision.
I am certain that today we will hear various interesting answers – this is what we have gathered here for. Seizing the opportunity, I will, however, mention a few, in my opinion, critical directions. The first one is undoubtedly taxes.