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Prepared by Hamid R. Davoodi.
Swaziland has not yet benefited from a Financial Sector Assessment Program (FSAP), but has received considerable technical assistance from the IMF Monetary and Capital markets Department (MCM) and others.
According to World Bank classification, South Africa and Botswana are upper middle income countries while the remaining SACU countries are lower middle income countries.
Excluding specialized financial institutions (e.g., development banks, agricultural banks) across these countries for which comparable data are not available.
Estimates of M3 for Swaziland includes SCCOs.
As of end-2006, there were also 60 active farmers/multipurpose cooperatives with an additional 3,549 members. Activities of these cooperatives include consumer shops, vegetable farming, maize production and milling, tractor hire services and sale of farm inputs.
For example, Lesotho’s banking system is the most efficient, based on net interest margin, but least efficient based on overhead costs.