Botswana Programmatic Economic Resilience and Green Recovery DPF

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The development objectives of the Programmatic Economic Resilience and Green Recovery Development Policy Loan Project in Botswana are to strengthen private sector development, and promote a resilient, green recovery. The operation is structured around three pillars with a total of six prior actions: (i) Pillar 1, strengthening pandemic and crisis response; (ii) Pillar 2, addressing regulatory constraints for a private sector recovery; and (iii) Pillar 3, building the foundations for sustainable, “green” growth. The creation of an enabling policy environment to implement the Single Social Registry and targeting reforms is key to improve targeting of social spending on the most vulnerable, while also strengthening systems for future shocks. Actions to support private sector development include improvements to individuals and small and micro enterprises’ (SMEs) access to finance and easing of regulatory requirements to start a business. Together, these reforms contribute to an enabling business environment for SME-led increased job creation and economic diversification.