Botswana: Financial Sector Assessment Program-Technical Note on Financial Sector Safety Nets, Crisis Management, and Bank Resolution Framework

Author: International Monetary Fund. Monetary and Capital Markets Department

Volume/Issue: Volume 2024 Issue 059

Publication date: March 2024

ISBN: 9798400269073

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Topics covered in this book

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Banks and Banking , Finance , Money and Monetary Policy , International - Economics , core principle , International Monetary Fund publication service , bank recovery plan outline , bank of Botswana amendment Act , BoB power , D , deposit insurance , bank supervision department , Crisis management , Bank resolution , Bank resolution framework , Crisis prevention , Lender of last resort , Global

Also of interest

Republic of Congo : 2001 Article IV

Spain

Malawi

Peru

Summary

The financial safety net framework in Botswana is incomplete, while crisis preparedness and management structures must be expanded.2 The Bank of Botswana (BoB) lacks an emergency liquidity support mechanism for commercial banks, bank resolution and liquidation remain under the Companies Act, and there is no deposit insurance system. A 2016 TA mission3 on “Banking Sector Safety Net and Crisis Management” identified many deficiencies. To date, there has been limited progress in achieving the recommendations.