19
Dec
Chamwe Kaira The International Monetary Fund (IMF) has warned that Botswana’s interest in increasing its stake in De Beers could heighten economic risks, given fiscal pressures and the country’s heavy reliance on the diamond sector. The fund said Botswana could achieve stronger economic outcomes by adopting a broad adjustment strategy that combines fiscal consolidation with structural reforms aimed at diversifying the economy. Such measures, the IMF said, would help support growth, contain public debt and protect international reserve buffers. The IMF highlighted uncertainty in the global diamond market, pointing to the rapid growth of lab-grown diamonds. While lab-grown diamonds are…
