Botswana - Economic Recovery Support Program – Phase II (ERSP II)

Remaining consistent with the original program approved by the Board of Directors on 8 September 2021, the goal of ERSP II is to support resilience and post-COVID 19 pandemic inclusive economic recovery through improved governance and real sector structural reforms. The three components continue to be: Component 1: Improving Fiscal Efficiency and Sustainability; Component 2: Supporting Private sector-led Agriculture, and Industrial Sector Transformation; and Component 3: Enhancing Resilience and Social Inclusion. The project primarily contributes to climate adaptation results. As such, 30% of the total approved amount is attributed as climate finance, of which 54 million USD is dedicated to adaptation.