The Kingdom of Swaziland: 2006 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director

March 28, 2007

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Format: Chicago

The Kingdom of Swaziland: 2006 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director, (USA: International Monetary Fund, 2007) accessed November 21, 2024

Summary

This 2006 Article IV Consultation highlights that Swaziland’s economic performance has remained weak with growth averaging only 2 percent since 2000, owing to a substantial real appreciation of the lilangeni during 2002–04, erosion of trade preferences, recurrent drought, and stagnant investment. Over that same period, rising government expenditures, especially on the wage bill, undermined fiscal sustainability and reduced foreign reserves to critically low levels. Poverty has escalated in the face of high and rising unemployment, food shortages, and the world’s highest HIV/AIDS infection rate.

Subject: Central banks, Health, HIV and AIDS, Imports, International reserves, International trade, Monetary base, Population and demographics

Keywords: Africa, CR, Government, Government of Swaziland, HIV and AIDS, Imports, International reserves, ISCR, SACU revenue, SACU tariff revenue, SACU windfall, Swazi authorities, Swazi authority, Swaziland

Publication Details

Pages:

34
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/132
Stock No:

1SWZEA2007001
ISBN:

9781451836127
ISSN:

1934-7685

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