IMF Warns Botswana’s Economic Growth Hampered by Diamond Sector Decline
IMF Botswana Report Highlights Diamond Sector Challenges and Urgent Need for Economic Diversification The International Monetary Fund (IMF) has concluded its annual Article IV consultation for Botswana, revealing that the country’s diamond sector is significantly slowing economic growth. After expanding by 3.2% in 2023, Botswana’s economy contracted by 3% in 2024, largely due to challenges in the diamond industry, including competition from lab-grown diamonds and reduced demand from China. The IMF forecasts Botswana’s GDP will
