Swaziland central bank needs macro-prudential powers – IMF
Fund urges authorities to fast-track reform to give central bank financial stability mandate
Plans to give the Central Bank of Swaziland macro-prudential powers should be “accelerated”, say directors of the International Monetary Fund.
Authorities in the small African country have already put in motion plans to “bolster” the mandate and independence of the central bank, while “strengthening” its supervisory structure, including the creation of a financial stability unit.
But the fund believes more could be done to give the central bank greater oversight over financial stability and
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