Domestically, output growth is expected to remain above the long-term trend, and this means that Botswana is not currently facing the dilemma that policy tightening is unduly restricting economic growth. The balance of risks, which the generally tight monetary conditions aim to moderate, is towards domestic demand adding to inflationary pressures.
All over the world steps are being taken to fight this climate crisis. And it is being fought on many fronts. Let me now focus on the financial front. I am very pleased that last week, EU negotiators have agreed a deal to establish a taxonomy, a common set of European rules on what can be considered a green investment.