Investor Presentaiton
1. NATIONAL
AND REGIONAL
CONTEXT
12
SDG Index Rank
137/163
1
W
К
Ti 7
10
NEWING
11
"O+
R
71
Dashboards:
SDG achieved Challenges remain Significant challenges remain Major challenges remain
Information unavailable
Trends: +On track or maintaining SDC achievement 21 Moderately improving +Stagnating + Decreasing
SDG Index Score
54.6
Spillover Score
91.9
In 2022, the Kingdom of Eswatini continued to recover,
albeit slowly, from the social and economic impacts of
COVID-19. GDP growth slowed to an estimated 0.4% in
2022 from 7.9% in 2021, hamstrung by higher inflation,
a tightening monetary policy, supply disruptions linked
to Russia's invasion of Ukraine, in particular energy
products, fertilizers and food. Inflationary pressures
exacerbated living conditions for the populace as
the prices of fuel, food, farm inputs and essential
commodities increased. This resulted in continued
rise in inequalities, unemployment, drop in incomes as
well as reduced food and nutrition security. This was
compounded by the impacts of other shocks such as
cyclone Eloise in 2020, political dissent and armed
violence in 2021 which dealt the economy a hard blow.
In response Eswatini made encouraging investment in
the social sector and more investment is still required
in health, education and social protection.
Under the Common Monetary Area (CMA) which
comprises Eswatini, Lesotho, Namibia and South Africa,
the Eswatini Lilangeni, the domestic currency and legal
tender, is pegged to the South African rand. Within the
CMA framework, Eswatini has strong economic ties
with South Africa, with over 60% of exports going to
South Africa and over 80% of imports coming from
South Africa. Therefore, in 2022 the slowing economic
growth in South Africa, Eswatini's major trading partner
posed a risk to Eswatini's economic growth. However,
Eswatini ensured increased and stable market access
for the business community by joining the African
Continental Free Trade Area (AfCFTA).
Whilst relative calm prevailed for most of 2022, the
causes and impacts of the 2021 civil unrest remained
largely unaddressed. Calls for change continued
while the unprecedented emergence of an armed
group, Swaziland International Solidarity Forces (SISF),
deepened political, human rights, social and security
concerns. The Government assured Emaswati that
a proposed national dialogue would be held when
conditions allow, while regional diplomacy continued to
advocate for the national dialogue. By the end of 2022,
the dialogue's timing was yet to be communicated as
attention shifted to preparations for national elections
in 2023.
According to the Sustainable Development Report 2022,
the Kingdom of Eswatini had made average progress (a
score of 54.6 out of 100) on the achievement of SDGs.
In 2022, the Government approved a new National
Development Plan (NDP) 2023/24-2027/28 prioritising
investments in good governance, economic recovery
and fiscal stability; and enhanced social and human
capital development and sustainable livelihoods. If
fully implemented, the new NDP provides a beacon for
setting the Kingdom on the path to rescuing SDGs by
2030.
UN ANNUAL RESULTS REPORT | 2022
ESWATINI
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