Africa: Controversy Over Government Loan to Fund Privatisation

Gaborone — Controversy has erupted over a decision by Botswana's government to accept a loan from the African Development Bank, a departure from over two decades of running Africa's "model economy" without borrowing.

In June the country borrowed 1,5 billion dollars from the African Development Bank (AfDB) to finance "key economic reform programmes", among them the privatisation of some state-owned enterprises, as part of its effort to minimise the effects of the global economic crisis on its economy.

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