[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-108454-en":3,"doc-seo-108454-105":30,"detail-sidebar-cat-0-en-105":91},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":13,"seo_description":14,"update_tm":28,"read_time":29},108454,4398048950312,"Violet","https://ap-avatar.wpscdn.com/avatar/400002538284de19e3c?_k=1778320343897328908",8,"Research & Report","Republic of Botswana - Financial Sector Assessment - February 2023","Financial Sector Assessment covering Botswana’s financial system, mission findings, and updated results under the Financial Sector Assessment Program (FSAP). Prepared for official use by the IMF and World Bank joint teams following field visits in 2022 and early 2023, the report synthesizes core observations on sector vulnerabilities and risks. It also outlines policy recommendations and includes structured discussions on financial inclusion, MSME access to finance, domestic market development, state roles, and financial stability, resilience, and integrity.","Public Disclosure Authorized Public Disclosure Authorized  \nFOR OFFICIAL USE ONLY  \nREPUBLIC OF BOTSWANA  \nFINANCIAL SECTOR ASSESSMENT  \nFEBRUARY 2023  \nPrepared By  \nFinance, Competitiveness, and Innovation Global Practice and  \nAfrica Regional Vice Presidency  \nA joint IMF-World Bank mission visited the Republic of Botswana during October 24 – November 2, 2022 and 16 January – 1 February, 2023 to update the findings of the Financial Sector Assessment Program (FSAP) conducted in 2007. 1 This report summarizes the main findings of the mission, identifies key financial sector vulnerabilities, and provides policy recommendations.  \n1 The team was led by Harish Natarajan (WB) and Thordur Jonasson (IMF) and included Rinku Chandra (WB Claney Lattie (IMF) and) as Deputy Mission Chiefs, Dan Cheng, Ian Stuart, Yuan Rollinson, and Adrian Wardzynski (IMF), Krishnamurti Damodaran, Fiona Stewart, Peter Lohmus, Ivor Istuk, Francesco Di Salvo, Claudia Meek, and Wuraola Fanimokun (WB), and Timo Broszeit, David Parker and Christopher Wilson (all IMF Experts) .  \nCONTENTS  \nGLOSSARY _______________________________________________________________________________________ 3  \nPREFACE _________________________________________________________________________________________ 5  \nINTRODUCTION ________________________________________________________________________________ 12  \nA. Country Context ______________________________________________________________________________ 12  \nB. Structure of the Financial System _____________________________________________________________ 14  \nC. Recent Trends in Financial Sector Development ______________________________________________ 17  \nFINANCIAL INCLUSION AND DIGITAL FINANCE______________________________________________ 19  \nMSME ACCESS TO FINANCE ___________________________________________________________________24  \nDEVELOPING DOMESTIC MARKETS FOR LONG-TERM FINANCING _________________________ 29  \nROLE OF THE STATE IN THE FINANCIAL SECTOR_____________________________________________36  \nASSESSMENT OF FINANCIAL SECTOR RISKS AND VULNERABILITIES AND POLICIES FOR ADDRESSING FINANCIAL STABILITY, RESILIENCE, AND INTEGRITY_________________________ 41  \nA. Systemic Risk Assessment ____________________________________________________________________ 41  \nB. Supervision and Bank Regulation _____________________________________________________________ 43  \nC. Macroprudential Policy _______________________________________________________________________ 45  \nD. Systemic Liquidity Management______________________________________________________________ 45  \nE. Financial Safety Nets, Crisis Management and Bank Resolution ________________________________ 46  \nAPPENDICES  \nI. Key Financial Sector Stability and Development Indicators ____________________________________ 48  \nII. Implementation of 2007 FSAP Recommendations ____________________________________________ 51  \nGLOSSARY  \nAIM Aide-Mémoire  \nBA Banking Act, 1995  \nBBS Botswana Building Society  \nBBO Botswana Banking Ombudsman  \nBCP Basel Core Principles  \nBDC Botswana Development Corporation  \nBoB Bank of Botswana  \nBoBAA Bank of Botswana Amendment Act, 2022  \nBOCA Botswana Cooperative Association  \nBOCRA Botswana Communication Regulatory Authority  \nBPOPF Botswana Public Officers Pension Fund  \nBSB Botswana Savings Bank  \nBSD Bank Supervision Department  \nBSEL Botswana Stock Exchange Limited  \nBWP Botswana Pula  \nCAR Capital Adequacy Ratio  \nCBDC Central Bank Digital Currency  \nCEDA Citizen Entrepreneurial Development Agency  \nCI Act Credit Information Act  \nCIRT Computer Incidence Response Team  \nCP Core principle  \nCPSD Country Private Sector Diagnostic  \nCRS Credit Reporting System  \nDIS Deposit Insurance Scheme  \nDISR Deposit Insurance Scheme Regulation  \nDFS Digital Financial Services  \nDMO Debt Management Office  \nDRBA Draft Revised Banking Act  \nD-SIBs Domestic Systemically Important Banks  \nELA Emergency Liquidity Assistance  \nERTP Economic Recovery and ","cbCaimJtndl0oFMK","https://ap.wps.com/l/cbCaimJtndl0oFMK","pdf",961492,3,1,58,"English","en",105,"# Contents\n## Glossary\n## Preface\n## Introduction\n## Financial Inclusion and Digital Finance\n## MSME Access to Finance\n## Developing Domestic Markets for Long-Term Financing\n## Role of the State in the Financial Sector\n## Assessment of Financial Sector Risks and Vulnerabilities and Policies for Addressing Financial Stability, Resilience, and Integrity\n## Appendices","[{\"question\":\"What is the purpose of the Botswana Financial Sector Assessment report?\",\"answer\":\"It summarizes the main FSAP mission findings, identifies key financial sector vulnerabilities, and provides policy recommendations.\"},{\"question\":\"Which organizations prepared the assessment?\",\"answer\":\"The 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