{
  "title": "Kingdom of Swaziland: Selected Issues",
  "publication": "IMF Staff Country Reports, December 23, 2015",
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  "summary": "This Selected Issues paper assesses Swaziland’s export diversification and quality. Swaziland’s export structure has experienced sizable changes over the past 15 years.",
  "sections": [
    {
      "heading": "Assessment of export diversification and quality",
      "content": "- The Selected Issues paper assesses Swaziland’s export diversification and quality.\n- Swaziland’s export structure has experienced sizable changes over the past 15 years.\n- The share of textile exports has halved.\n- The expiration of trade benefits under Africa Growth Opportunity Act (AGOA) implies that the share of textile exports would decline further.\n- Swaziland’s exports are relatively diversified with good quality index compared with its peers.\n- Diversification and product quality have declined in recent years.\n- The expiration of the access to AGOA calls for enhanced efforts in export diversification and quality upgrading."
    },
    {
      "heading": "Key findings and implications",
      "content": "- Export structure shifts over the past 15 years have reduced the share of textiles (share has halved).\n- Loss of AGOA preferential access is expected to exert downward pressure on textile exports.\n- Despite relative diversification and a good quality index versus peers, recent trends show declining diversification and product quality."
    },
    {
      "heading": "Policy recommendations",
      "content": "- Improve education and training to support export diversification and quality upgrading.\n- Strengthen the institutional framework to facilitate higher-quality export development.\n- Further develop the financial market to support firms seeking to diversify exports and upgrade product quality."
    },
    {
      "heading": "Subject and keywords (as listed)",
      "content": "- Subject: Banking, Capital adequacy requirements, Commercial banks, Credit, Financial institutions, Financial regulation and supervision, Money, National accounts, Nonperforming loans, Return on investment\n- Keywords: Capital adequacy requirements, Commercial banks, CR, Credit, export, export destination, export product, export quality, ISCR, Nonperforming loans, product, quality index, Return on investment, SACU revenue shock, Southern Africa, Sub-Saharan Africa, textile export\n\n---\n\n Content in this bundle\n\n- Kingdom of Swaziland: Selected Issues; IMF Country Report No. 15/354, November 24, 2015\n  - Kingdom of Swaziland: Selected Issues; IMF Country Report No. 15/354, November 24, 2015 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Kingdom of Swaziland: Selected Issues; IMF Country Report No. 15/354, November 24, 2015 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: December 23, 2015",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513518879.002",
    "The Selected Issues paper assesses Swaziland’s export diversification and quality.",
    "Swaziland’s export structure has experienced sizable changes over the past 15 years.",
    "The share of textile exports has halved.",
    "The expiration of trade benefits under Africa Growth Opportunity Act (AGOA) implies that the share of textile exports would decline further.",
    "Swaziland’s exports are relatively diversified with good quality index compared with its peers.",
    "Diversification and product quality have declined in recent years.",
    "The expiration of the access to AGOA calls for enhanced efforts in export diversification and quality upgrading.",
    "Export structure shifts over the past 15 years have reduced the share of textiles (share has halved).",
    "Loss of AGOA preferential access is expected to exert downward pressure on textile exports.",
    "Despite relative diversification and a good quality index versus peers, recent trends show declining diversification and product quality.",
    "Improve education and training to support export diversification and quality upgrading.",
    "Strengthen the institutional framework to facilitate higher-quality export development.",
    "Further develop the financial market to support firms seeking to diversify exports and upgrade product quality.",
    "Subject: Banking, Capital adequacy requirements, Commercial banks, Credit, Financial institutions, Financial regulation and supervision, Money, National accounts, Nonperforming loans, Return on investment",
    "Keywords: Capital adequacy requirements, Commercial banks, CR, Credit, export, export destination, export product, export quality, ISCR, Nonperforming loans, product, quality index, Return on investment, SACU revenue shock, Southern Africa, Sub-Saharan Africa, textile export",
    "**Kingdom of Swaziland: Selected Issues; IMF Country Report No. 15/354, November 24, 2015**"
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