Resource
Botswana - Financing Social Protection through Taxation on Natural Resources
Summary
Botswana has transformed from one of the poorest countries in the world at the time of its independence in 1966 to an upper-middle income country in 1989. It has avoided the adverse impacts of the “resource curse”, through appropriate policy and governance and set the foundation for balanced more inclusive development based on extending social benefits to the wider population, including a universal old-age pension.