Botswana Sustainable Financing Strategy (BSFS) 2023-2030.

The Botswana Sustainable Financing Strategy (BSFS) is a multisectoral policy framework designed to narrow the financing gap for the Sustainable Development Goals through a combination of policy, regulatory, institutional capacity, and financial instrument reforms. It promotes a gender-responsive, green, and climate-smart approach to SDG financing, emphasizing dialogue, partnerships, and the localization of the SDGs through decentralization. The Strategy follows the tailored methodology of the Integrated National Financing Framework (INFF) and seeks to ensure coherence across public and private financing policies, macroeconomic considerations, and national and local sustainable development priorities, while fostering collaboration among government, the private sector, development partners, and other stakeholders. The Strategy is organized around seven financing pillars: (i) enabling governance and coordination measures; (ii) domestic public finance; (iii) domestic private finance; (iv) international public finance; (v) international private finance; (vi) cross-cutting themes; and (vii) new financing instruments. It identifies Botswana's strategic investment priorities in sectors considered essential for achieving the SDGs, including health, education, youth and gender, tourism, agriculture, social protection, climate change, transport, mining, energy, trade and industry, and infrastructure. Across these sectors, the Strategy recommends prioritizing investments that directly contribute to the SDGs, developing sector-specific financing strategies and action plans, and strengthening monitoring and evaluation systems to track progress toward sectoral targets.
Chapter 4 sets out the principal financing actions required to address the identified financing gaps. These include expanding domestic resource mobilization, improving the efficiency of public expenditure, increasing private sector participation, strengthening regional and international cooperation, and deploying innovative financing mechanisms. The Strategy identifies several priorities for domestic public finance, including integrating the SDGs into budgeting processes, implementing a Medium-Term Revenue Strategy, approving and operationalizing the Fiscal Decentralization Policy, undertaking SDG sector costing through the Ministry of Finance's costing tool, developing a national public-private partnership pipeline, reducing the fiscal footprint of public spending, greening the banking system, strengthening the digital economy, and piloting SDG localization initiatives. For domestic private finance, the Strategy prioritizes modernizing business-enabling legislation, expanding financial inclusion, promoting venture capital and ESG investment, establishing a national carbon market, increasing access to sustainable finance, and reducing illicit financial flows. Under international public finance, it emphasizes strengthening cooperation with multilateral development banks and development finance institutions while improving the alignment and effectiveness of official development assistance with national SDG priorities. Finally, under international private finance, the Strategy seeks to increase foreign direct investment and promote the more productive use of remittances to support sustainable development.