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Botswana’s economy has continued recovering from the global shocks caused by the COVID-19 pandemic in 2020 and the Russia-Ukraine conflict in 2022. The Bank of Botswana (BoB) has an explicit inflation target band of 3-6%. The Government of Botswana’s has followed prudent fiscal policy by raising government spending during economic downturn and decreasing public spending during economic recovery. Botswana’s external sector has recovered from the global shock caused by the COVID-19 pandemic in 2020 and benefited from the higher commodity prices in the aftermath of the Russia-Ukraine conflict. Botswana is scheduled to hold its national elections in 2024. Botswana's political landscape remains largely stable, with the ruling BDP maintaining its dominance. Read more accurate and balanced analysis of the political economy in Botswana here: https://politicaleconomy.org.za/2023/12/pesa-editorial-on-botswana-1h2023-24/.
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