This Financial Sector Assessment (FSA)is based on the work of the International Monetary Fund(IMF)-World Bank team that visited Botswana in January andMarch 2007. The principal objectives of the team were toassist the authorities in evaluating the current state ofthe financial sector and its developmental needs. The teamfocused on five areas: (i) systemic liquidity and themacro-financial framework; (ii) financial system stabilityand its resilience to shocks; (iii) the regulatory andsupervisory framework for banks, pension funds, insurancecompanies, and other nonBank financial sectors; (iv)progress in meeting international standards in bankingsupervision, transparency of monetary and financialpolicies, payment systems, and antimony laundering andcombating the financing of terrorism; and (v) access to andaffordability of financial services.