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Botswana's economy contracted 5.4% due to a diamond mining slump, prompting the finance minister to seek a debt ceiling increase.
Botswana’s economy contracted by 5.4% in the fourth quarter of 2025, driven by a 47% drop in the diamond mining sector due to global market weakness.
Facing rising fiscal pressures and a widening budget deficit, Finance Minister Ndaba Gaolathe is seeking to raise the national debt ceiling from 40% to 60% of GDP to manage the crisis.
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La economía de Botswana se contrajo un 5,4% debido a una caída de la minería de diamantes, lo que llevó al ministro de finanzas a buscar un aumento del techo de la deuda.