Eswatini gears up to become a private sector-led economy
By Manqoba Khumalo, Minister of Commerce, Industry and Trade in Eswatini
The Kingdom of Eswatini is gearing up to becoming a private sector-led economy committed to economic reform and determined to recover from the devastating effects of COVID-19.
Before the global pandemic, the Kingdom of Eswatini was already experiencing key economic challenges characterised by sluggish growth and a budget deficit. The advent of the global pandemic further exacerbated an already fragile economic situation and added another dimension to the fiscal crisis, which demanded a differentiated and rapid approach.
To save the economy and the livelihoods of the people of Eswatini, we devised a post-COVID-19 recovery plan earmarking the private sector as the new main driver of employment in the country. The logic ...