The Kingdom of Swaziland: 2005 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director

March 13, 2006

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The Kingdom of Swaziland: 2005 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director, (USA: International Monetary Fund, 2006) accessed November 23, 2024

Summary

Economic growth in Swaziland has weakened over the past decade. This 2005 Article IV Consultation highlights that real GDP growth decelerated to 2.1 percent in 2004 and an estimated 1.8 percent in 2005. A prolonged drought affected agricultural output, particularly maize, the main staple crop, and cotton. The authorities completed a “Poverty Reduction Strategy and Action Plan” in October 2004. The document spells out policies with the overall objective of halving the 1995 poverty rate by 2015. However, little progress has been made toward this and other Millennium Development Goals.

Subject: Budget planning and preparation, Central banks, Expenditure, External debt, International reserves, Public debt, Public financial management (PFM)

Keywords: Africa, Budget planning and preparation, CR, Formulation exercise, Global, Government, Government activity, International reserves, ISCR, Oil import price, Revenue collection effort, Right, Swazi authorities, Swaziland

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/106
Stock No:

1SWZEA2006001
ISBN:

9781451836103
ISSN:

1934-7685

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