“1998/99 has been a year of particularly rapid expansion. Seven new staff members joined BIDPA. Among the highlights of the year one would also like to mention the general increase in activities related to international trade and finance. This is an area which is of great importance for Botswana in the near future. Financially, BIDPA aims at increasing its project revenue to cover an increasing share of its cost. During the year under review, because the unexpected shortfall in major projects, expenditure increased far more than project incomes. BIDPA has taken measures which should correct the situation during 1999/2000 and get on the path to greater financial independence.”
