Economic Diversification Study


Project Summary

Approval Date 12 Apr 2010
Signature Date 09 Aug 2010
Planned Completion Date 31 Oct 2013
Last Disbursement Planned Date 31 Jul 2013
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 43010
Commitment U.A 298,600
Status Completion

Project General Description

The Economic Diversification Study is initiated by the need of the Government of Eswatini to review the constraints to economic growth and development in Swaziland and to find ways to increase competitiveness across traditional and new export markets. Some of these constraints are sector specific, and this requires an understanding of the unique challenges that confront producers, investors and exporters in key industries. This study aims to describe in detail the measures required to broaden and diversify the economic base of Swaziland and to increase competiveness in exports to both traditional and new markets. The specific deliverables to be concluded over the course of the study can be summarised as follows: 1) assess the competitive strengths and weaknesses of the Swaziland economy; 2) identify the main opportunities and constraints to export growth, investment and economic diversification; 3) identify the main external barriers to export growth and diversification; 4) compare economic policies, initiatives and institutions in Eswatini to leading (developing country) exporting nations; 5) propose specific institutional changes, policy reforms and direct interventions which the Government and its partners can implement to raise competitiveness and support the diversification of the economy; 6) recommend direct policy interventions to reverse many of the underlying negative trends that compromise the capacity of the state and economy to raise productivity.

Project Objectives

The principal objective of this project is to identify the potential and constraints to, the broadening of the Eswatini economic base and increasing competitiveness in traditional and emerging exports to both traditional and new markets.

Beneficiaries

The main beneficiaries of this intervention are the Governement, the economic operators and the population.

Participating Organization

Funding
Middle Income Countries Fund
Extending
Government Of Swaziland
Implementing
Swaziland Investment Promotion Authority (SIPA)
Implementing
Autorité de promotion de l'investissement du Swaziland (Swaziland Investment Promotion Authority - SIPA)

Information

IATI identifier 46002-P-SZ-K00-002
Last Update 31 Oct 2019

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Contact Details

Name KARIUKI Peninah Wanjira
Email p.kariuki@afdb.org

Geographic Location

Country Eswatini