Botswana is an implementing partner of the Wealth Accounting and Valuation of Ecosystem Services (WAVES) - a global partnership led by the World Bank that aims to promote sustainable development by mainstreaming natural capital in development planning and national economic accounting systems, based on the System of Environmental-Economic Accounting (SEEA).
The WAVES global partnership brings together a broad coalition of governments, UN agencies, nongovernment organizations and academics for this purpose.
BGI undertakes National Mineral Accounting under this global partnership, carried out by the Government of Botswana (GoB) and the World Bank. Mineral Accounts provides information on five commodities being diamonds, coal, copper-nickel, soda ash and gold.
Information from the mineral accounts is of critical importance to Botswana’s economy and the national balance sheet. Mining in Botswana, continues to be the largest contributor to gross domestic product (GDP), generating the majority of export earnings, and making major contribution to government fiscal revenues.