Eswatini Economic Recovery Development Policy Loan II

Abstract*

The development objectives of the Second Economic Recovery Development Policy Loan in Eswatini are to: (1) help protect lives and support firms to protect workers; (2) contribute towards securing the country’s future economic potential by strengthening transparency and budget management; and (3) improve competitiveness and open up the digital economy. These reforms are intended to stabilize the country’s fiscal position, improve competitiveness and... Show More

Development Objective

The development objectives of the second programmatic series DPO are to: (1) help protect lives and support firms to protect workers; (2) contribute towards securing the country’s future economic potential by strengthening transparency and budget management; and (3) improve competitiveness and open up the digital economy.

Key Details

Project Details

Project ID
P175317
Status
Closed
Team Leader
Marko Kwaramba , Wolfgang Fengler
Borrower 2
Ministry of Finance

Country
Eswatini
Disclosure Date
November 18, 2021
Approval Date
(as of board presentation)
May 6, 2022
Effective Date
May 19, 2022

Total Project Cost 1
US$ 0.00 million
Implementing Agency
Ministry of Planning and Economic Development
Region
Eastern and Southern Africa
Fiscal Year 3
2022

Commitment Amount
US$ 75.00 million
Environmental Category
N/A
Last Update Date
August 22, 2023
Closing Date
June 30, 2023

Last Stage Reached
BANK APPROVED
Parent Projects
P174447

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Economic Policy

FY17 - Fiscal Policy11%
- FY17 - Fiscal sustainability11%

FY17 - Finance

FY17 - Finance for Development11%
- FY17 - Infrastructure Finance11%
FY17 - Financial Infrastructure and Access22%
- FY17 - Credit Infrastructure11%
- FY17 - MSME Finance11%
- FY17 - Payment & markets infrastructure11%

FY17 - Human Development and Gender

FY17 - Gender11%
FY17 - Health Systems and Policies11%
- FY17 - Health Service Delivery11%
- FY17 - Health System Strengthening11%

FY17 - Private Sector Development

FY17 - Business Enabling Environment11%
- FY17 - Investment and Business Climate11%
FY17 - ICT22%
- FY17 - ICT Solutions22%
FY17 - Public Private Partnerships11%

FY17 - Public Sector Management

FY17 - Public Administration22%
- FY17 - E-Government, incl. e-services11%
- FY17 - State-owned Enterprise Reform and Privatization11%
- FY17 - Transparency, Accountability and Good Governance11%
FY17 - Public Finance Management33%
- FY17 - Debt Management11%
- FY17 - Public Expenditure Management22%
FY17 - Rule of Law11%
- FY17 - Judicial and other Dispute Resolution Mechanisms11%

FY17 - Social Development and Protection

FY17 - Social Protection11%
- FY17 - Social Safety Nets11%

FY17 - Urban and Rural Development

FY17 - Disaster Risk Management11%
- FY17 - Flood and Drought Risk Management11%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	75.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	75.00
IDA Commitment	N/A
IBRD + IDA Commitment	75.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	N/A

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

No data available.

Detailed Financial Activity as of March 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
May 24, 2022	IBRD-93760	Loan Disb	74,812,496.00
May 19, 2022	IBRD-93760	Loan Disb	187,500.00
May 19, 2022	IBRD-93760	Fee Charges	187,500.00
Aug 24, 2023	IBRD-93760	Int Charges	78,642.97
May 6, 2022	IBRD-93760	Loan Commitment	75,000,000.00
Feb 16, 2024	IBRD-93760	Int Charges	21,809.31
Feb 16, 2024	IBRD-93760	Int Charges	2,377,744.00
Aug 15, 2024	IBRD-93760	Int Charges	13,783.40
Aug 15, 2024	IBRD-93760	Int Charges	2,385,915.00
Aug 24, 2023	IBRD-93760	Int Charges	2,046,864.20
Aug 15, 2022	IBRD-93760	Int Charges	318,724.60
Feb 15, 2023	IBRD-93760	Int Charges	120,929.73
Feb 15, 2023	IBRD-93760	Int Charges	1,652,818.20

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Moderately Satisfactory	2022-12-15
Monitoring and Evaluation	Moderately Satisfactory	2022-12-15
Overall Implementation Progress (IP)	Moderately Satisfactory	2022-12-15
Program Management	Moderately Satisfactory	2022-12-15

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Number of COVID-19 tests conducted by the designated in-country laboratory (disaggregated by results) (Number Value 22032.00 554111.00 400000.00
Date August 31, 2020 December 8, 2022 June 30, 2023
Comment
Reduced stock of arrears Value 26.00 14.00 15.00
Date May 29, 2020 December 8, 2022 June 30, 2023
Comment
Reduction of transfers to SOEs as percent of total revenue Value 23.00 23.00 19.00
Date December 31, 2020 December 8, 2022 June 30, 2023
Comment

Percentage of tenders awarded in line with the regulations in all agencies and procured electronically in 10 selected pilot agencies	Value	0.00	0.00	100.00
	Date	December 31, 2020	December 8, 2022	June 30, 2023
	Comment

3G/4G/LTE coverage (% of population) Value 35.00 40.00 50.00
Date December 31, 2021 December 8, 2022 June 30, 2023
Comment
Number of beneficiaries that have been enrolled on the Unemployment Benefit/Insurance Fund Value 0.00 0.00 97874.00
Date July 31, 2020 December 8, 2022 June 30, 2023
Comment
Number of credit reports issued by the credit bureau per year (thousand Value 166.00 166.00 175.00
Date December 31, 2021 December 8, 2022 June 30, 2023
Comment
Increase in the value of mobile money balance (percentage of GDP) Value 0.20 0.70 0.60
Date December 31, 2020 December 8, 2022 June 30, 2023
Comment
Cases lodged at the Commercial bench as a % of overall High Court cases Value 0.00 0.00 5.00
Date December 31, 2020 December 8, 2022 June 30, 2023
Comment

Number of COVID-19 tests conducted by the designated in-country laboratory (disaggregated by results) (Number	Value	22032.00	554111.00	400000.00
	Date	August 31, 2020	December 8, 2022	June 30, 2023
	Comment

Reduced stock of arrears	Value	26.00	14.00	15.00
	Date	May 29, 2020	December 8, 2022	June 30, 2023
	Comment

Reduction of transfers to SOEs as percent of total revenue	Value	23.00	23.00	19.00
	Date	December 31, 2020	December 8, 2022	June 30, 2023
	Comment

3G/4G/LTE coverage (% of population)	Value	35.00	40.00	50.00
	Date	December 31, 2021	December 8, 2022	June 30, 2023
	Comment

Number of credit reports issued by the credit bureau per year (thousand	Value	166.00	166.00	175.00
	Date	December 31, 2021	December 8, 2022	June 30, 2023
	Comment

Increase in the value of mobile money balance (percentage of GDP)	Value	0.20	0.70	0.60
	Date	December 31, 2020	December 8, 2022	June 30, 2023
	Comment

Eswatini Economic Recovery Development Policy Loan II

Abstract*

Development Objective

Key Details

Project Details

Sectors

Themes

Stay Connected, sign up for our:

Project Map

Finances

Financing Plan (US$ Millions)

Total Project Financing (US$ Millions)

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

Detailed Financial Activity as of March 31, 2025

Ratings

IMPLEMENTATION RATINGS

COMPLETION RATINGS

INDEPENDENT EVALUATION RATINGS

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INTERMEDIATE RESULTS INDICATORS