Can you help shape our future priorities? Take a five minute survey now. Survey closes on 8 July.

Working Paper

Botswana’s Exchange Controls: Abolition or Liberalization?

Published on 1 January 1995

Although Botswana has had one of the most liberal exchange control regimes in Africa, the economy badly needs to diversify. It is argued that the investment constraints imposed by the remaining exchange controls should be removed, but it is feared that this would cause a serious outflow of funds. Alternatively, there are expectations of large foreign investment inflows.

Present monetary instruments and management skills are inadequate to deal with these circumstances, so capital controls should only be abolished gradually. Exposing the economy to international influence should prevent any weakening of macroeconomic policy in the long-term.

Publication details

authors
Harvey, C and Jefferis, K
isbn
1 85864 087 3

Share

Related content

Opinion

Who’s reality counts?: Applying the knowledge & skills I learnt at IDS

Hitomi Fujimoto, MA Poverty & Development, Class of 2014-15

7 July 2025

Working Paper

Fragmented Power, Access and Legitimacy: The Politics of Social Assistance in Yemen’s Conflict (2014–24)

BASIC Research Working Paper 38

30 June 2025

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.