Bank of Botswana urges government to reduce reliance on diamonds
Central bank believes demand for commodity is likely to dwindle in the future
The Bank of Botswana has urged the government to consider policies that will help the economy reduce its reliance on the country’s main export: diamonds.
“Although the government of Botswana has, over the years, been able to finance most investment projects from diamond receipts, there is recognition that growth in diamond revenue has plateaued and might recede in the future,” the central bank said in its latest annual report.
“Thus, it is important to explore alternative and sustainable
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