Kingdom of Swaziland: Selected Issues

IMF Staff Country Reports, December 23, 2015

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Kingdom of Swaziland: Selected Issues

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Bibliographic details

• Published: December 23, 2015
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781513518879.002

Assessment of export diversification and quality

• The Selected Issues paper assesses Swaziland’s export diversification and quality.
• Swaziland’s export structure has experienced sizable changes over the past 15 years.
• The share of textile exports has halved.
• The expiration of trade benefits under Africa Growth Opportunity Act (AGOA) implies that the share of textile exports would decline further.
• Swaziland’s exports are relatively diversified with good quality index compared with its peers.
• Diversification and product quality have declined in recent years.
• The expiration of the access to AGOA calls for enhanced efforts in export diversification and quality upgrading.

Key findings and implications

• Export structure shifts over the past 15 years have reduced the share of textiles (share has halved).
• Loss of AGOA preferential access is expected to exert downward pressure on textile exports.
• Despite relative diversification and a good quality index versus peers, recent trends show declining diversification and product quality.

Policy recommendations

• Improve education and training to support export diversification and quality upgrading.
• Strengthen the institutional framework to facilitate higher-quality export development.
• Further develop the financial market to support firms seeking to diversify exports and upgrade product quality.

Subject and keywords (as listed)

• Subject: Banking, Capital adequacy requirements, Commercial banks, Credit, Financial institutions, Financial regulation and supervision, Money, National accounts, Nonperforming loans, Return on investment
• Keywords: Capital adequacy requirements, Commercial banks, CR, Credit, export, export destination, export product, export quality, ISCR, Nonperforming loans, product, quality index, Return on investment, SACU revenue shock, Southern Africa, Sub-Saharan Africa, textile export

Content in this bundle

• Kingdom of Swaziland: Selected Issues; IMF Country Report No. 15/354, November 24, 2015
  • Kingdom of Swaziland: Selected Issues; IMF Country Report No. 15/354, November 24, 2015 (Markdown version)
  • Kingdom of Swaziland: Selected Issues; IMF Country Report No. 15/354, November 24, 2015 (PDF)