European Parliament Library

Kingdom of Swaziland :, 2010 Article IV Consultation—Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Swaziland

The Swaziland economy continues to underperform, reflecting the impact of the global economic crisis. The impact of the crisis has been felt mostly in revenue transfers of the Southern African Customs Union (SACU) to Swaziland. Executive Directors welcomed Fiscal Adjustment Roadmap (FAR), which focused on restoring fiscal sustainability, improving competitiveness, and strengthening financial supervision. They noted that key challenges are restoring fiscal sustainability, addressing HIV/AIDS, reducing poverty, and creating employment. Directors emphasized the need for fiscal adjustment and budgetary reforms. Directors noted that the banking system remains in good health
Table Of Contents
Cover; Contents; Glossary; Executive Summary; I. The Impact of the Global Economic Crisis in the Context of Key Obstacles to Higher Growth; Figures; 1. Real GDP Growth of SACU Members, 2006-12; 2. The Impact of the Global Economic Crisis on SACU Imports, 2000-15; 3. Fiscal Developments, 2006/07-10/11; 4. Wage Bill Comparison in Sub-Saharan Africa; 5. Fiscal Balance, Current Account Balance, and Gross International Reserves, 2006-10; 6. Real Effective Exchange Rate in South Africa and Swaziland, 2005-10; II. The Authorities' Policy Response; Boxes
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (60 p.)
Specific Material Designation
Form Of Item

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