01851cas a2200241 a 4500 AALejournalIMF017929 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484310960 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. African Dept. Kingdom of Swaziland : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Kingdom of Swaziland. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (72 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 2017 Article IV Consultation highlights that the macroeconomic conditions have recently deteriorated in Swaziland. In 2016, two shocks-a prolonged drought and a sharp decline in South African Customs Union (SACU) receipts-severely hit the economy, while an expansionary fiscal policy worsened fiscal and external balances. Growth in 2016 stagnated, as agricultural productions declined, and headline inflation increased sharply, mostly owing to rising food prices. Fiscal policy remains on an expansionary course, while the monetary stance has tightened. Despite a pickup in SACU revenue, the 2017 budget envisages a continuation of large fiscal deficits, and further increase in public debt. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/274 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/274/002.2017.issue-274-en.xml IMF e-Library