Botswana has placed the highest amongst its African mainland peers in the 2014 Global Peace Index, according to the latest report compiled by the Institute for Economics and Peace.
The annual survey, which is designed to illustrate the global state of peace in countries around the world placed Botswana 36th from a list of 162 countries with Zambia and Namibia coming in second and third respectively within the continent.
Boasting one of the longest economic booms within recent history, Botswana’s extensive foreign exchange reserves and status as the world’s biggest diamond producer has ensured a consistent expansion of its GDP, indicated to be just under 5% in 2015 according to the country’s Finance Minister, Kenneth Matambo.
Having recently adjusted the benchmark interest rate to 6.5%, The Bank of Botswana stated, “The current state of the economy and both the domestic and external economic outlook, as well as the inflation forecast, provide scope for easing monetary policy to support economic activity without undermining price stability.”
The Institute for Economics and Peace (IEP) is an independent non-profit think tank that provides statistical information illustrating the wellbeing of nations. Taking into consideration, factors such as ongoing domestic and international conflict, societal safety and security and militarisation, the IEP uses a wide variety of socioeconomic indicators offering an oversight of how peaceful any given nation is conducting itself. Since 2008, the IEP reports indicate 111 countries have become less peaceful with only 51 countries becoming more peaceful.