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Swaziland's Macro-Economic Development Environment

Published online by Cambridge University Press:  11 November 2008

Peter F. M. McLoughlin  and
Rekha Mehra
Peter F. M. McLoughlin
Affiliation:
Policy Advisor, Ministry of Agriculture, Khartoum
Rekha Mehra
Affiliation:
Consultant, Devres Inc., Washington, D.C.
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Extract

During mid-1985 a combined team of expatriate consultants and Swaziland experts examined in some detail the water-development options in the Komati river basin.1 This short article presents the abbreviated macro-economic ‘home’ that we constructed, because our policy and investment recommendations had to be consistent with the Government's overall development objectives. The incentive to publish our findings was prompted by the dearth of relevant data in the existing literature, and there may be others in a position similar to that in which we found ourselves – namely, that virtually nothing was readily available. Our 1986 draft was updated in 1988 to take advantage of the latest statistics.

Type
Africana
Information
The Journal of Modern African Studies , Volume 26 , Issue 4 , December 1988 , pp. 661 - 675
Copyright
Copyright © Cambridge University Press 1988

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References

Page 661 note 1 Funded in part by U.S. A.I.D. Contract No. PDC-1406–1–14–4090–00.

Page 661 note 2 The Swaziland Lilangeni (plural Elangeni or E) is at par with the South African Rand by treaty. During the early 1980s, the L ranged between E1.7–2.0 to U.S. $1.00, but declined to around par in August 1985 as a result of pressure on the Rand. After remaining stable during 1986 and for most of 1987, the L has appreciated very slightly since then against the dollar.

Page 662 note 1 International Monetary Fund, Swaziland–Recent Economic Developments (Washington, D.C., 1984), p. 29.Google Scholar S.A.C.U. receipts declined relatively in the early 1980s, but were rising again by 1987–1988, when they were anticipated to be E135 million, or some 42 per cent of the national revenue. The country's foreign economic policy has been well analysed by Bischoff, Paul-Henri, ‘Why Swaziland is Different: an explanation of the Kingdom's political position in Southern Africa’, in The Journal of Modern African Studies (Cambridge), 26, 3 09 1988, pp. 461–3.Google Scholar

Page 663 note 1 Sources: Swaziland, Prime Minister's Office, Department of Economic Planning and Statistics, Economic Review, 1982–1984 (Mbabane, 02 1984),Google Scholar and Economic Review and Outlook, 1986 (Mbabane, 1988).Google Scholar See also Central Statistical Office, Annual Statistical Bulletin, 1986 (Mbabane, 1988), and earlier versions. Unless indicated otherwise, all subsequent data are derived from these publications.Google Scholar

Page 665 note a Now under ‘Other domestic exports’.

Page 665 note b Mainly crude materials and equipment.

Page 665 note c Figures rounded.

Page 670 note 1 World Bank, op. cit. p. 12.

Page 673 note 1 Information in this section from U.S. Army Corps of Engineers, ‘Swaziland. Water and Related Land Resources–Framework Plan’, Omaha, 1981, pp. 1–35.