Eswatini - Country Economic Memorandum: In search of the drivers of inclusive growth

This report intends to be an input into the government’s strategic vision and policymaking to help move Eswatini closer to its ambitious objective of boosting inclusive growth and becoming an upper middle-income economy by: Carrying out diagnostics on past economic performance and undertaking forecasting analysis for potential future growth trajectories while uncovering binding constraints and realistic opportunities; Using a conceptual approach based on well established methodologies and benchmarking analysis with a set of aspirational peer countries; Emphasizing a growth strategy underpinned by greater investment, productivity, innovation, inclusion and government effectiveness; Drawing lessons from the policy experience of countries that faced similar challenges, including some that graduated or are close to graduating from upper middle- to higher-income status.