Govt should be ready for adversities MP

source: BOPA
15 February, 2010

GABORONE – Botswana should have long prepared for the effects of the global economic and financial meltdown, Lobatse MP, Mr Nehemiah Modubule, said in Parliament on Thursday.

Contributing to the 2010/11 budget debate, Mr Modubule said government should have known that under capitalism, there were times for economic boom and slowdown hence prepare for such adversities.

The legislator said like the USA, which injected money into the economy through stimulus packages, Botswana should have also been ready to do likewise.

On privatization, the Lobatse legislator said he was happy that the privatisation of Air Botswana failed and wished that privatisation of other entities such as National Development Bank (NDB) and [continue reading]

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