Eswatini- Support to state owned enterprises reforms in Eswatini


Project Summary

Approval Date 16 Jun 2022
Signature Date 30 Aug 2022
Planned Completion Date 31 Jul 2024
Last Disbursement Planned Date 12 Nov 2023
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 11330
Environmental Category 3
Commitment U.A 150,000
Status Approved

Project General Description

This intervention concerns the Support to state owned enterprises reforms in Eswatini. It will help the government to fast track much needed reforms for achieving fiscal consolidation, restoring macro-economic stability and making much needed capital and social investments. This project will contribute to economic transformation and inclusive growth. It also solidifies the Bank’s position as trusted partner that is responsive in a time of need, while complementing and catalyzing the Bank’s ongoing and future support to the country. The project has three components, namely i) Supporting Reform of the Legal and Regulatory Framework for SOEs, ii) Improving the performance and monitoring of SOEs and iii) Project Management.

Project Objectives

The specific objective of the project is to improve the governance and performance of SOEs by streamlining the number of SOEs.

Beneficiaries

The project will benefit the entire population of Eswatini, particularly youth and women who are more impacted by poverty and unemployment.

Participating Organization

Funding
Middle Income Countries Fund

Information

IATI identifier 46002-P-SZ-K00-007
Last Update 09 Dec 2022

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Contact Details

Name CHANGE Evelynne Obonyo
Email e.change@afdb.org

Geographic Location

Country Eswatini