国际货币基金组织：气候适应与能源改革：增强博茨瓦纳的宏观经济韧性（英文版）

Botswana faces mounting macroeconomic risks from intensifying climate trends and fiscal strain from electricity subsidies. Rising temperatures, more frequent extreme heat, and longer droughts threaten agricultural yields, labor productivity, and long-term growth. Electricity subsidies further compound these risks, limiting the government’s capacity to respond effectively. This paper examines the macroeconomic and fiscal implications of climate shocks, outlines priorities for adaptation measur