Bloomberg reports that the economy of Botswana is expected to recuperate in 2010 due to high diamond demand, which led the Botswana government to decline funding from the International Monetary Fund.



In April, Debswana Diamond Co. reopened four mines in Botswana after the joint venture of De Beers and the Government of Botswana saw a rise in the demand for diamonds. Debswana Diamond Co. make for 70% of Botswana’s exports and are the world's fifth largest provider of diamonds.



An IMF report indicates that the Botswana economy is expected to recover from a 10.3 percent contraction in 2009. The report also stated that the Botswana economy posted a positive trend in the second quarter, gaining 1.3 percent compared to the previous year as diamond production resumed.