It covers payment methods and information on, banking systems, foreign exchange controls, and U.S. and correspondent banking.
There are no multilateral development banks in Botswana. DFC’s finance and insurance programs are available for Botswana. U.S. Export-Import Bank resources are also available for both trade financing and project financing in Botswana.
Methods of Payment
The most common method of payment for imports from the United States is through Letters of Credit, bank drafts, or bank transfers. TransUnion offers credit check services on the retail side and the Credit Reference Bureau (CRB) performs credit checks on the banking side.
For more information about the methods of payment or other trade finance options, please read the Trade Finance Guide available at https://www.trade.gov/trade-finance-guide-quick-reference-us-exporters.
Further details on financing in Botswana can be found at the 2022 Botswana Investment Climate Statement.