This 2017 Article IV Consultation highlights that the macroeconomic conditions have recently deteriorated in Swaziland. In 2016, two shocks-a prolonged drought and a sharp decline in South African Customs Union (SACU) receipts-severely hit the economy, while an expansionary fiscal policy...

This paper highlights that banks and nonbank financial institutions, businesses and households have large exposures to the government and, in some cases, their own vulnerabilities. In this context, a fiscal shock can rapidly propagate into the economy through the financial sector. The financial...

This short country report, a result of larger Information for Development Program (infoDev)-supported survey of the Information and Communication Technologies (ICT) in education in Africa, provides a general overview of current activities and issues related to ICT use in education in the...

This report was initiated as an exercise to assist policy makers in Swaziland in their effort to incorporate HIV/AIDS into the planning process on a regular basis, and provides an overview of selected, likely development impacts of the epidemic for the country. Through conventional demographic,...

In this study, we empirically attempt to investigate output growth forecasts as a result of dynamic interplay between money supplies and output growths of Southern African Common Monetary Area (SACMA) countries using Vector Error Correction Models (VECM). In general, the results show that the...