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Botswana downgrade adds pressure to diamond economy
Business

Botswana downgrade adds pressure to diamond economy

congodailynews.comMarch 16, 2026March 17, 2026
GABORONE: Botswana is facing renewed pressure on its diamond-driven economy after S&P Global Ratings lowered the country’s long-term sovereign rating to BBB- from BBB and its short-term rating to A-3 from A-2, while keeping a negative outlook....
AfricaBank of BotswanaBotswanaBotswana credit ratingBotswana economyBotswana finance ministrycontent syndication servicescryptowireDe BeersDebswanadiamond demanddiamond exportsdiamond industryeconomic growthEuroWirefiscal deficitforeign exchange reservesInternational Monetary Fundinvestment gradeMENA Newswiremineral revenuenatural diamondsOkavango Diamond Companypublic debtreserve coverrough diamond markets&p global ratingssovereign credit rating
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