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Post-Diamond Study presented to stakeholders
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The Botswana Institute for Development Policy Analysis in conjunction with the Botswana Confederation of Commerce, Industry and Manpower (BOCCIM) held a stakeholder seminar last month in order to disseminate findings of a study on the consequences of, and

Date
  10th February 2015

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The Botswana Institute for Development Policy Analysis in conjunction with the Botswana Confederation of Commerce, Industry and Manpower (BOCCIM) held a stakeholder seminar last month in order to disseminate findings of a study on the consequences of, and responses to the depletion of the Botswana diamond reserves. The recent global economic downturn underscored Botswana's economic vulnerabilities and further highlighted the need to diversify the economy and reduce over-dependence on diamond mining. This scenario prompted BOCCIM to engage BIDPA to review the existing mining and energy projects and provide estimates over the coming decade. The study also analyzed possible mining and energy projects in the future, modeled the impact of existing and new mining and energy projects on macroeconomic aggregates, and analyzed Botswana's diversification experience in general. The workshop was officially launched by Ms Maria Machailo-Ellis, BOCCIM Chief Executive Director and also Chairperson of BIDPA Board of Trustees. Ms Machailo-Ellis expressed appreciation that the report would place BOCCIM in a better position to advise government. The African Development Bank was also acknowledged for providing funding for the project. Other dignitaries at this occasion included Secretary of Economic and Financial Policy in the Ministry of Finance and Development Planning Dr Taufila Nyamadzabo, BIDPA Executive Director Dr Tebogo Seleka, and the African Development Bank representative. Dr Nyamadzabo informed the gathering that the recommendations of the report will influence government policies and future National Development Plans. The report on the findings of the study were presented in three categories reflecting the dimensions which were addressed by the study, and these are: Minerals and energy exports and revenue (MEER) projections; Life after diamonds - the economy wide consequences of declining diamond production in Botswana; and Export diversification - policies for export success in Botswana. It is expected that BIDPA will publish the full report in due course. The dissemination seminar was attended by government officials, representatives from key organizations like the Diamond Hub, Innovation Hub, University of Botswana, Chamber of Mines, Statistics Botswana and others.


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