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Botswana Economic Recovery Support Program
Details
Project End Date:2024-06-30
Location:Botswana
Category:Unspecified/other
Status:Completion and evaluation
Sectors:Gender & Human Rights, HR & Employment, Macro-Economy & Public Finance, Social Development, Private Sector & Trade, Agriculture & Rural Development
Languages:English, French
Contracting authority: Ministry of Finance and Economic Development of Botswana
Associated tenders • 1
Description
Botswana: African Development Bank approves $137 million loan for post-pandemic economic recovery
The Board of Directors of the African Development Bank Group has approved a $137 million loan to support Botswana’s economic recovery from the Covid-19 pandemic. The funds, extended under the Bank Group’s Botswana Economic Recovery Support Program, will be used to enact multi-sector reforms that will increase spending efficiency, create jobs and drive inclusive growth.
The project has three components: enhancing domestic resource mobilization and mitigating fiscal risks to enhance macroeconomic performance and create fiscal space for spending on social safety nets; supporting private sector-led agriculture and industry to bolster productivity and value addition, and increase job opportunities; and offering business development services to micro and small enterprises to advance social protection and gender equity. The three components are expected to reinforce one another.
“The African Development Bank is providing support for reforms to enhance private sector-led agriculture, and transformation of the industrial sector,” said Leila Mokadem, Director General of the Southern Africa Regional Development and Business Delivery Office. “Agriculture value addition can serve as a springboard for industrialization and job creation,” she added.
The project aligns with the Bank Group’s Ten-Year Strategy (2013-2022) and its High Five strategic priorities, particularly Industrialize Africa, and Improve the quality of life of the people of Africa.
Botswana is at very low risk of debt distress, and has a positive medium-term growth outlook, although a lack of economic diversification exposes the country to significant vulnerabilities.
The Bank Group’s active portfolio in Botswana amounts to UA 57.7 million ($81.9 million) and comprises four projects. The financial sector accounts for the largest share of the portfolio by sector (97.1%), followed by agriculture (1.7%) and industry (1.2%).
Similar tenders
By Locations
Funding agency:
WB
Status:
completion and evaluation
Location:
Botswana, Eswatini (Swaziland), Lesotho, Namibia, South Africa
Funding agency:
AU, AfDB
Status:
completion and evaluation
Location:
Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Congo, Cote d'Ivoire, Dem. Rep. Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, Eswatini (Swaziland), Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mauritius, Morocco, Mozambique, Namibia, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Seychelles, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Tanzania, Togo, Tunisia, Uganda, Zambia, Zimbabwe
By Sectors
There are no similar tenders by sectors
tender Background
About the Funding Agency
OPEC Fund for International Development
The OPEC Fund for International Development (OFID) is the intergovernmental development finance institution established in 1976 by the Member States of the Organization of the Petroleum Exporting Countries (OPEC). OFID was conceived at the Conference of the Sovereigns and Heads of State of OPEC Member Countries, which was held in Algiers, Algeria, in March 1975. A Solemn Declaration of the Conference "reaffirmed the natural solidarity which unites OPEC countries with other developing countries in their struggle to overcome underdevelopment," and called for measures to strengthen cooperation between these countries.
About the Sectors
Gender & Human Rights
Includes initiatives that promote gender equality, protect human rights, and address discrimination and vulnerability across populations.
Key areas:
- Gender equality and women’s empowerment
- Human rights protection and advocacy
- Protection of vulnerable and marginalized groups
HR & Employment
Covers human resources management, labor market initiatives, and activities related to employment and workforce development.
Key areas:
- Human resources and workforce management
- Employment and labor market services
- Human capital and skills development
Locations
Botswana
Botswana historically leveraged diamond revenues to build strong institutions, social services and basic infrastructure, contributing to poverty reduction and human development over past decades. In the face of a downturn in the global diamond market and associated fiscal pressures, the government is prioritizing economic diversification and structural reforms to attract investment in services, manufacturing, tourism, renewable energy and digital infrastructure. Significant public investments and plans under the National Development Plan and Botswana Economic Transformation Program aim to upgrade transport, digital networks, and utility systems while expanding renewable energy capacity. However, implementation of infrastructure projects faces challenges including efficiency and planning constraints, underscoring the need for improved governance to ensure public investment translates into sustained inclusive growth.
Nr. of tenders: 7653
Nr. of grants: 2943
Nr. of donors: 573
Nr. of jobs: 29
Nr. of tenders: 7653
Nr. of grants: 2943
Nr. of donors: 573
Nr. of jobs: 29
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