Growth reached 4.9 percent in 2023, driven by services, manufacturing, and high transfers from the Southern African Customs Union (SACU). The latter helped move the external current account to a surplus of 2.2 percent of GDP. Inflation averaged 4.9 percent in 2023 and moderated to 4.2 percent in...

The IMF conducted a diagnostic review of the financial system of the Kingdom of Eswatini and proposed a Technical Assistance Roadmap to support the authorities' detection of risks and vulnerabilities and to enhance capacity in financial sector oversight. The financial stability module focused on...

The IMF conducted a diagnostic review of the financial system of the Kingdom of Eswatini and proposed a Technical Assistance Roadmap to support the authorities' detection of risks and vulnerabilities and to enhance capacity in financial sector oversight. The financial stability module focused on...

Lesotho's economy has been struggling with subdued growth, high unemployment, and widespread poverty. The government-led growth model has resulted in an economy heavily reliant on public spending, with a small and undiversified private sector. This has led to low private investment, declining...

The mission assisted the Central Bank of Lesotho in compiling financial soundness indicators (FSIs) using the new methodology of the IMF's 2019 FSIs Compilation Guide. Specifically, in collaboration with the CBL staff the mission updated the methodologies for compiling FSIs for deposit takers...

The 2024 Article IV Consultation presents that Curaçao and Sint Maarten have continued to experience a vigorous post-pandemic recovery underpinned by strong stayover tourism, which is outperforming Caribbean peers. Headline inflation has declined rapidly led by international oil price...