Original disclosure @ WB website
Updated in EWS Jun 29, 2022
Disclosed by Bank Nov 18, 2021
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According to bank documents, the proposed second operation (DPO 2) deepens and extends the reforms achieved as prior actions for the first operation (DPO 1). The substance of the proposed DPO 2 remains consistent with the program design presented under the DPO 1 and its prior actions link directly to the indicative triggers established under the first operation. The program objectives (PDOs) are: (1) to support the Government’s response to the COVID-19 pandemic and an inclusive recovery; (2) to strengthen private sector development; and (3) to promote a resilient, green recovery. These PDOs lay the foundation for Botswana’s transition to a private sector-led economy, paving the way for more diversified, inclusive growth and enhanced resilience to climate change. The DPF’s first pillar supports efforts to strengthen the provision of relief from the COVID-19 pandemic, creating added resilience to future shocks. The pillar also seeks to make electricity more accessible to low-income households,
supporting a more inclusive recovery benefiting all Batswana. Actions under the second pillar underpin two interlinked objectives: promoting the development of the private sector through entrepreneurship and improving SME access to finance, increasing financial inclusion. The actions proposed under the third pillar support Botswana’s NDC and CCP commitments and a financially sound power sector, speeding up the transition to renewable energies.
Benedicte Helene Cecile Baduel, Albert Pijuan Sala
Republic of Botswana
Ministry of Finance and Economic Development
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