In the Wake of the Global Economic Crisis: Adjusting to Lower Revenue of the Southern African Customs Union in Botswana, Lesotho, Namibia, and Swaziland

By Thomson Fontaine, Dalmacio Benicio, Joannes Mongardini, Genevieve Verdier, Gonzalo C Pastor Campos

January 1, 2011

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Thomson Fontaine, Dalmacio Benicio, Joannes Mongardini, Genevieve Verdier, and Gonzalo C Pastor Campos. In the Wake of the Global Economic Crisis: Adjusting to Lower Revenue of the Southern African Customs Union in Botswana, Lesotho, Namibia, and Swaziland, (USA: International Monetary Fund, 2011) accessed November 21, 2024

Summary

The Southern African Customs Union (SACU) is facing its biggest challenge in its 100 years of existence. The global economic crisis has significantly reduced its revenue outlook, which is having a disproportionate impact on its smaller member countries, and which calls for an appropriate policy response. This paper discusses specifically the implications for Botswana, Lesotho, Namibia, and Swaziland, and provides recommendations regarding the proper fiscal response by these countries to the decline in SACU revenue.

Subject: Expenditure, Fiscal consolidation, Fiscal policy, Public debt, Public investment spending, Revenue administration

Keywords: Africa, BLNS country, DP, DPPP, Fiscal consolidation, Global, Government spending, Interest rate, Private sector, Public investment spending, SACU revenue, SACU transfer, Southern Africa

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Departmental Paper No 2011/001
Stock No:

IWGECEA
ISBN:

9781462343492
ISSN:

2616-5333

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