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： Thomson Fontaine Dalmacio Benicio Mr. Joannes Mongardini Geneviève Verdier Mr. Gonzalo C. Pastor
Publisher： INTERNATIONAL MONETARY FUND
Publication year： 2011
E-ISBN: 9781616350772
P-ISBN(Paperback): 9781462343492
Subject： F811 世界财政
Language： ENG
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Description
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.