The government is keen for Botswana-based financial institutions, particularly the country’s commercial banks and insurance companies, to play a full role in the privatisation process by facilitating its implementation through lending and project financing.
The PEEPA Master Plan is a blueprint for divestment in some 30 state-owned enterprises or parastatals, based on full commercialisation, public-private partnerships (PPPs) and contracting out. The Master Plan is due to be formally approved by parliament and the cabinet during 2004 and will provide the basis for implementation of the different privatisation strategies. The use of the PPP approach is viewed as an important component, as it provides a means of sharing risks and enabling the public sector to harness the commercial dynamism, innovation and expertise of the private sector. It is anticipated that this concept will be applied to a wide and diverse range of public sector activities. In rural areas, the government is committed to the small-scale privatisation and outsourcing of activities and services that can be carried out more effectively by the private sector.