## Swaziland: 2002 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Swaziland

_IMF Staff Country Reports, January 31, 2003_

## Source details

**Canonical URL:** [Swaziland: 2002 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Swaziland](https://www.imf.org/en/publications/cr/issues/2016/12/30/swaziland-2002-article-iv-consultation-staff-report-staff-statement-public-information-16319)

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## Bibliographic details
- Published: January 31, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451836080.002

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### Executive summary and growth findings
- Real GDP growth fell from 7¾ percent annually during the 1980s to 3¾ percent during the 1990s.
- In 2001, growth declined to 1.8 percent, reflecting:
  - a fall in export demand associated with the economic slowdown in South Africa,
  - foreign disinvestment in some industries,
  - poor weather.
- Economic activity appears to have weakened further in 2002, with:
  - manufacturing output showing the effects of additional closures by foreign firms,
  - agricultural output being affected by the drought in the region.

### Major macroeconomic themes and policy areas covered
- Expenditure
- External debt
- Foreign exchange
- Health, HIV and AIDS
- Monetary base
- Money
- Pension spending
- Real effective exchange rates

### Keywords and geographic focus
- Africa
- Southern Africa
- Swaziland
- airplane acquisition
- CR
- deficit
- government
- growth performance
- HIV and AIDS
- IMF staff estimate
- ISCR
- Monetary base
- nonessential spending
- Pension spending
- Real effective exchange rates
- staff appraisal

### Publication metadata and identifiers
- Publication date: January 31, 2003
- Series: Country Report No. 2003/021
- Issue: 021
- Volume: 2003
- Pages: 50
- DOI: https://doi.org/10.5089/9781451836080.002
- Stock No: 1SWZEA0012003
- ISBN: 9781451836080
- ISSN: 1934-7685

*International Monetary Fund — Swaziland: 2002 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Swaziland*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/30/swaziland-2002-article-iv-consultation-staff-report-staff-statement-public-information-16319_