ESWATINI TO ENGAGE WORLD BANK, IMF ON RESOURCE MOBILISATION

ESWATINI TO ENGAGE WORLD BANK, IMF ON RESOURCE MOBILISATION

The Kingdom of Eswatini is expected to engage the World Bank and International Monetary Fund (IMF) to assist with mobilization of resources to enable the country to achieve set economic goals. The country will be represented by
the minister of Economic Planning and Development, Dr Tambo Gina, who will be in the company of the Ministry’s Principal Secretary Bertram Steward and Chief Economist in the ministry Nomusa Dlamini at the annual 2019 Spring meetings from 8 to 14 April to be held at the World Bank’s headquarters in Washington DC, which is commonly
known as the Spring Sessions. The spring meetings are held to discuss progress on the work of the IMF and
the World Bank on issues related to international economic development and finance. It is in this forum that
the World Bank and IMF member states review the performance of the world economy over the past six months. According to the ministry’s Communications Officer, Nokuthula Simelane, issues that will be at the top of the agenda will include long term growth challenges in emerging markets and developing economies, implications for achieving the set goals, short and long term growth outlook among other things. Issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness are also going
to be included in the Agenda. On another note, Minister Dr Gina has been appointed as the Chairperson
of the Development Committee and will address the World Bank on behalf of Africa Group 1. “Minister Gina will be engaged in talks about how the World Bank can help the Kingdom of Eswatini in its developments. Part of the
discussions will touch on projects which are being funded by the World Bank and the minister will request further resources,” said Simelane. Some of the projects that have been supported by the World Bank include HIV, TB and social security projects which were completed last year in September. The objectives of the Health, HIV/AIDS and TB
Project were to improve access to and quality of health services in Eswatini, with particular focus on primary health care, maternal health and Tuberculosis, as well as increase social safety net access for orphans and vulnerable children (OVC). The projects comprised of three main components which included strengthening the capacity of the health sector, facility-level support to improve access, quality and efficiency of services. Simelane further said there were other projects that the government of Eswatini and the World Bank were currently working on, and these included a water project in Shiselweni and power supply

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