Kingdom of Eswatini

The authorities have recently taken some policy actions toward stabilizing the economy. However, reflecting expansionary spending policies and declining Southern African Customs Union (SACU) revenue, public debt is still rising, domestic arrears have accumulated, and international reserves have fallen below adequate levels. Decelerating private investment and declining external competitiveness are hindering the country’s growth prospects, leaving 40 percent of the population in extreme poverty and unemployment high.