The third development has been the continuation of little net capital flows either to or from the banking sector, but, within that, a notable change in the composition of the investor base, particularly for short-term debt. 1 See Belkar R, L Cockerell and C Kent (2007), ‘Current Account Deficits: The Australian Debate ’, RBA Research  Discussion Paper No 2007–02.
As I conclude my remarks, let me appreciate the role of the Botswana Stock Exchange in being integral to resource mobilisation, where the floatation and trading of shares signal 11  economic and return prospects and accordingly channel funds to those.