In the Wake of the Global Economic Crisis: Adjusting to Lower Revenue of the Southern African Customs Union in Botswana, Lesotho, Namibia, and Swaziland

Author: Mr. Thomson Fontaine, Dalmacio Benicio, Mr. Joannes Mongardini, Ms. Genevieve Verdier, and Mr. Gonzalo C Pastor Campos

The Southern African Customs Union (SACU) is facing its biggest challenge in its 100 years of existence.

Volume/Issue: Volume 2011 Issue 001

Publication date: January 2011

ISBN: 9781462343492

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Economics- Macroeconomics , Public Finance , DPPP , DP , government spending , interest rate , private sector , SACU revenue , SACU transfer , BLNS country , Fiscal consolidation , Public investment spending , Africa , Global , Southern Africa

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Summary

The Southern African Customs Union (SACU) is facing its biggest challenge in its 100 years of existence. The global economic crisis has significantly reduced its revenue outlook, which is having a disproportionate impact on its smaller member countries, and which calls for an appropriate policy response. This paper discusses specifically the implications for Botswana, Lesotho, Namibia, and Swaziland, and provides recommendations regarding the proper fiscal response by these countries to the decline in SACU revenue.