This sudden increase does not reflect any abrupt changes in the underlying economic conditions: the net international investment position is robust, Italy’s producers are successfully competing on the outlet markets, and the level of household and business indebtedness is low by international standards.
In this regard, the dissemination of the Bank’s Annual Report is the primary vehicle for accountability to the nation on the operations and financial performance of the Bank of Botswana. As we are all aware, the Covid-19 pandemic is still with us with devasting impact on the economy and social welfare.