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Botswana - Programmatic Economic Resilience and Green Recovery Development Policy Loan Project (English)

The development objectives of the Programmatic Economic Resilience and Green Recovery Development Policy Loan Project in Botswana are to strengthen private sector development, and promote a resilient, green recovery. The operation is structured around three pillars with a total of six prior actions: (i) Pillar 1, strengthening pandemic and crisis response; (ii) Pillar 2, addressing regulatory constraints for a private sector recovery; and (iii) Pillar 3, building the foundations for sustainable, “green” growth. The creation of an enabling policy environment to implement the Single Social Registry and targeting reforms is key to improve targeting of social spending on the most vulnerable, while also strengthening systems for future shocks. Actions to support private sector development include improvements to individuals and small and micro enterprises’ (SMEs) access to finance and easing of regulatory requirements to start a business. Together, these reforms contribute to an enabling business environment for SME-led increased job creation and economic diversification.

Details

  • Document Date

    2021/05/14

  • Document Type

    Program Document

  • Report Number

    PGD280

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Botswana,

  • Region

    Middle East and North Africa,

  • Disclosure Date

    2021/07/17

  • Disclosure Status

    Disclosed

  • Board Meeting Date

    2021-06-11T00:00:00Z

  • Doc Name

    Botswana - Programmatic Economic Resilience and Green Recovery Development Policy Loan Project

  • Keywords

    public financial management reform program; Micro, Small and Medium Enterprise; National Monitoring and Evaluation System; Public Expenditure and Financial Accountability; state-owned enterprise; mineral revenue; public sector wage bill; Public Finance Management; real gross domestic product; Public and Publicly Guaranteed; national energy policy; multilateral investment guarantee agency; reimbursable advisory services; Rain-fed Agriculture; accountability of public spending; poverty and social impact; current account deficit; government finance statistic; independent power producer; impact of travel; foreign direct investment; growth and development; national development plan; wage subsidy scheme; macroeconomic policy framework; movement of people; Diamonds; financial sector development; current account balance; strategic environmental assessment; implementation of reform; increase in prices; summary of risks; rapid credit growth; domestic credit growth; commercial bank credit; central government finance; net indirect tax; Exchange rate policies; exchange rate policy; value added tax; south african rand; climate change resilience; import of goods; global financial crisis; balance of payment; Grievance Redress Service; export of goods; micro enterprise development; long-term climate change; international commodity price; Climate Change Policy; average annual rainfall; climate change adaptation; public investment management; errors and omission; Public Debt Management; climate change impact; common customs area; external financing sources; medium-term expenditure framework; mobilizing support; spread of virus; quality and efficiency; private sector company; statutory debt limit; trade and investment; access to finance; renewable energy capacity; climate change assessment; million people; social protection reform; social protection framework; social protection system; fiscal policy objective; global demand; commercial borrowing; primary balance; real gdp; budget support; supply side; merchandise export; vulnerable household; fuel levy; fiscal position; Mining; trade deficit; fuel price; social distance; tourism sector; international reserve; economic diversification; food price; carbon tax; total deaths; administered price; financial system; budget deficit; inclusive growth; bank finance; monetary policy; agricultural production; restrictive measures; recent years; capital expenditure; Fiscal policies; debt sustainability; Exchange Rates; financing need; asset disposal; botswana pula; value chain; program development; capital flow; minimal wage; increasing wage; government borrowing; mitigation measure; portfolio inflow; Public Services; school operation; rising cost; severe weather; class size; bilateral creditor; soft loan; heavy burden; clean slate; excess spending; income poverty; active employment; Wage Subsidies; unemployment level; travel restriction; external borrowing; livestock farming; budget financing; severe drought; existing debt; commercial loan; goods export; government revenue; diversified exports; energy generation; rooftop solar; reserve accumulation; liquid reserve; Job Creation; business environment; fiscal surplus; regulatory requirement; government budget; budget surplus; external shock; social spending; regulatory constraint; institutional constraint; investment portfolio; foreign exchange; informal sector; small grants; downward adjustment; international transaction; relief package; tourism industry; long-term asset; trade credit; financial service; support worker; seed capital; good hygiene; precautionary measure; job opportunity; job opportunities; tax deferral; external trade; broad money; consumer price; percent change; macroeconomic indicator; private investment; recurrent budgets; bond issuance; copper mining; government spending; private consumption; income account; food basket; emergency medical; copper industry; electricity price; downward pressure; special fund; public wage; mining production

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Citation

Botswana - Programmatic Economic Resilience and Green Recovery Development Policy Loan Project (English). Washington, D.C. : World Bank Group http://documents.worldbank.org/curated/en/758271626573635341/Botswana-Programmatic-Economic-Resilience-and-Green-Recovery-Development-Policy-Loan-Project