A report by the World Bank released this week has revealed that Botswana, once celebrated as one of Africa’s top economic performers, has seen a significant decline in its shared prosperity indicator.
The result is that this makes an ‘inclusive growth path and high-income status” elusive.
According to the report, titled “Botswana Poverty Assessment: Renewing Pathways for Poverty and Inequality Reduction” by 2016, the country was no longer among the continent’s leading nations in this crucial measure of economic well-being.
“By 2016, Botswana was no longer one of Africa’s top performers on the shared prosperity indicator, while poverty remained high given its income level,” it says. The World bank observes that; “Consumption per capita among the poorest 40 percent of the population only grew by an annualized 1.2 percent in 2009–16, down from 5 percent in 2003–09, while it declined among the top 60 percent of the population.”
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