2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Kingdom of Eswatini

Abstract

2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Kingdom of Eswatini

Fund Relations

As of October 30, 2019

Membership Status

Joined: September 22, 1969; Article VIII.

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Outstanding Purchases and Loans: None

Financial Arrangements None

Projected Payments to Fund

(SDR million; based on existing use of resources and present holdings of SDRs):

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Implementation of HIPC Initiative None

Exchange Rate Arrangements. The lilangeni (plural: emalangeni) is pegged at parity to the South African rand, which is also legal tender. Exchange rates for the Lilangeni vis-à-vis the U.S. dollar are based on the exchange rate of the South African rand against the U.S. dollar. Eswatini has accepted the obligations of Article VIII, Sections 2(a), 3, and 4 of the Fund’s Articles of Agreement and maintains an exchange system free of restrictions on the making of payments and transfers for current international transactions.

Article IV Consultation. Eswatini is on a standard 12-month consultation cycle. The last Article IV Consultation was concluded by the Executive Board on September 1, 2017.

Technical Assistance, 2015–2019

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Joint World Bank and Fund Work Plan

Table 1.

Eswatini: World Bank and IMF Planned Activities, Next 12 months

(As of November 2019)

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Statistical Issues

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Eswatini: Table of Common Indicators Required for Surveillance

(As of December 2, 2019)

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Any reserve assets that are pledged of otherwise encumbered should be specified separately. Also, data should comprise short-term liabilities linked to a foreign currency but settled by other means, as well as the notional values of financial derivatives to pay and to receive foreign currency, including those linked to a foreign currency but settled by other means.

Both market-based and officially-determined, including discount rates, money market rates, rates on treasury bills, notes, and bonds.

Foreign, domestic bank, and domestic nonbank financing.

Including currency and maturity composition.

Includes external gross financial asset and liability positions vis-à-vis nonresidents.

Daily (D), weekly (W), monthly (M), quarterly (Q), annually (A), irregular (I); and not available (NA).