Country Report Swaziland January 2008

Outlook for 2008-09: Policy trends

Economic liberalisation will be central to government policy, but progress will be slow and implementation patchy. Policymaking will be largely reactive, hindered by the complex interaction between the royal household, unelected advisory bodies, the government and the civil service. The IMF has emphasised the need for fiscal prudence in order to restore macroeconomic stability, but poor governance will remain a strong constraint to achieving this. Although negotiations are proceeding on a number of privatisations, progress towards sales will be slow owing to low political commitment.

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