NEAL RIJKENBERG: Eswatini rolling back the state
Eswatini is overhauling its governance structures to allow a private sector-led recovery from the Covid-19 pandemic — and to ensure sustainability
25 March 2021 - 05:00
The kingdom of Eswatini has spent two years tightening its belt to create fiscal space by reducing both overspending and its stock of arrears — and it’s working. The country is slowly improving the fundamentals of its economy. However, there’s still a long way to go.
For context: Eswatini entered the Covid-19 pandemic with an already deteriorating macro-fiscal position of sluggish growth and waning institutional strength. Since then, the widespread effects of the pandemic have significantly and permanently altered our trajectory as a nation...
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