Recovery In Diamond Exports Will See Botswana’s Current Account Surplus Widen In 2024
Country Risk / Botswana / Wed 31 Jan, 2024
Key View
- We retain our view that Botswana’s current account surplus will widen to 1.1% of GDP in 2024, from an estimated 0.4% in 2023.
- Our expectation of a widening surplus is premised on a recovery in the export-oriented diamond sector, alongside continued growth in service exports.
- Botswana’s ample foreign exchange reserves will limit