Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

September 5, 2018

Electronic Access:

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Summary:

In recent years, sizable buffers and prudent policies have kept the economy stable despite diamond market weakness and volatility. Nevertheless, the diamond cum public sector-led development model has shown its limits with slower growth and sluggish job creation, while the implementation of structural reforms has been challenging because of limited capacity, insufficient coordination among government entities, and political constraints. The 2017 National Development Plan aims at addressing these issues, with emphasis on private sector development and economic diversification, but more focused time-bound plans with concrete reforms and revised investment priorities need to be formulated and implemented.

Series:

Country Report No. 18/268