Small economy stifles Botswana’s growth

Reliance on single commodity, heavy public sector limit fiscal flexibility

International rating agency, Moody’s Investor Services has noted that Botswana’s small economy, slow progress towards diversification and long-term structural challenges constrain economic strength.

The rating agency, in its latest ratings for the country has affirmed Botswana’s long-term local and foreign currency issuer outlook as stable.

This stable outlook is said to be a reflection of Botswana’s credit strengths with low level debt burden, strong debt affordability indicators and a sizeable sovereign weal...