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

1SWZEA2007001 Image
Price:  $18.00

Release Date: © March, 2007
ISBN : 978-1-45183-612-7
Stock #: 1SWZEA2007001
English
Stock Status: On back-order

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Description

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.

Taxonomy

Competition , Economic policy , Fiscal policy , International trade




More publications in this series: IMF Staff Country Reports