Mr Chairman, with this background, it is now time that I focus on the central point of my remarks - that is, the role of the central bank, in this case the Bank of Botswana, in the achievement of Botswana’s economic transformation.
The Bank’s contribution to the policy environment, and the role it plays in achieving the broader national goals, is spelled out in the mandate given to it by Parliament.5 In general terms, it is a supportive role, as it is for almost all central banks in the world.