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International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board Concludes 2023 Article IV Consultation with Kingdom of Eswatini

The near-term outlook is buoyed by continued recovery and a surge in SACU revenue transfers, but downside risks remain

On May 3rd, 2023, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with the Kingdom of Eswatini. Eswatini has shown resilience to multiple economic shocks. Real GDP contracted by a comparatively modest 1.6 percent in 2020 but surged by 7.9 percent in 2021 as…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Completes 2023 Article IV Mission to Eswatini

Real GDP growth in 2023 is projected to rise to 3.2 percent supported by agricultural production and manufacturing, and higher government capital spending

An International Monetary Fund (IMF) team, led by Mr. Todd Schneider, Mission Chief for Eswatini, visited Mbabane during February 27 to March 10, 2023, to conduct discussions for the 2023 Article IV Consultation with a broad range of counterparts from the public and private sector. The discussions covered the performance…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

Coronavirus - Eswatini: IMF Executive Board Approves US$110.4 Million in Emergency Support to The Kingdom of Eswatini to Address The COVID-19 Pandemic

The immediate priority is to support public health, vulnerable groups and businesses

The COVID-19 pandemic has magnified Eswatini’s existing economic and social challenges, leading to a sharp decline in growth and large financing needs; The IMF approved US$110.4 million in emergency financial assistance under the Rapid Financing Instrument to support the authorities’ efforts in addressing the severe economic impact of the COVID-19…