Africa-Press – Eswatini. World bank officials will arrive in the country on Monday where vital issues affecting the country’s economy will be discussed.
The World Bank will, in partnership with government, publish the first edition of the Eswatini Economic Update, titled, Raising the Game with Efficient State-Owned Enterprises (SOEs). The launch event will be addressed by Marie Francoise Marie-Nelly, who is World Bank Country Director for Eswatini and Minister of Finance, Neal Rijkenberg.
According to the information shared by the bank, a presentation of the report will be followed by a panel discussion facilitated by the World Bank’s Resident Representative for Eswatini, Ikechi Okorie.
“The report analyses recent global and domestic economic developments, assessing Eswatini’s short- and medium-term prospects. It also examines the role of SOEs in enhancing economic performance, evaluating their contribution to the economy, identifying limitations and proposing areas and actions for reform,” part of the statement reads.
The report highlights the urgent need for action to achieve socio-economic aspirations, reduce poverty and address high unemployment rates.
Some of the speakers lined up for the event include Marco Hernandez Ore, Practice Manager, World Bank , Senior World Bank Economist, Marko Kwaramba, who will be discussing Recent Economic Developments and Outlook and Ana Cristina Hirata Barros, Senior Governance Specialist, World Bank who will be discussing on raising the game with efficient State- owned enterprises.
Eswatini Electricity Company Managing Director, Ernest Mkhonta, Chief Economist, Sifiso Mamba, Busangani Mkhaliphi, Director, Public Enterprise Unit, Sikhumbuzo Dlamini, Director-Research, Central Bank of Eswatini and Sanele Sibiya, Economics Lecturer, University of Eswatini will also form part of the panellist during the event.
In May, the World Bank Group board of executive directors endorsed a new Country Partnership Framework (CPF) for the country which outlined the World Bank Group’s strategy in the country for financial year 2024–2028.
According to World Bank, the overarching goal of the CPF is to support Eswatini’s shift to a more private sector-led growth model that can promote inclusive, sustainable, and resilient economic growth. The World Bank disclosed that Eswatini’s five-year CPF, was centered on two high-level long-term outcomes: increased private sector employment, and improved human capital development.
The first high level outcome focuses on improving conditions for private sector competitiveness; growing medium, small and micro-enterprises, improving transparency, accountability and fiscal sustainability and increasing access to electricity services.
The second high level income focuses on improving quality and retention in basic education, improving healthcare quality and coverage and increasing access to water and sanitation, especially in regions which are falling behind.