Economic Policy, Resarch & Statistics (EPRS) Department
The Economic Policy, Research and Statistics Department is the primary economic information and resource centre of the CBS and compiles, produces and disseminates economic statistics for the major sectors of the economy. It is tasked with conducting applied economic research in order to provide effective policy advice in the pursuit of economic development and economic management in Swaziland
Definition and Philosophy
Economic Policy Research and Statistics Department (EPRS), covers all major developments in the financial and economic aspects of the country. This is carried out through the publication of periodic and special reports that are circulated widely internally and externally to various local and international organisations and government ministries. These reports include amongst others: the Monthly Statistical Release, Recent Economic Developments, Quartely Reviews and the Annual Report.
- Enhance collection, compilation and dissemination of economic data
- Conduct economic research and data analysis
- Modelling and Forecasting
- To support and further regional economic and monetary integration
- To continuously improve and maintain EPRS as an Information Centre
- Strategy and staff development
The Economic Policy, Research and Statistics Department is divided into three divisions. These are Statistics and Publications, Balance of Payments and International Economics and Policy Research and Macroeconomic Analysis Division.
The Department also houses a library that serves all departments of the Central Bank of Swaziland
Statistics and Publications Division
The primary function of the Statistics and Publications Division is to compile, produce, maintain and publish economic and financial statistics in the CBS, to be used for economic analysis, policy research, policy formulation and performance monitoring.
The Statistics and Publications Division is divided into three sections, namely Monetary and Financial Statistics, Public Finance and Real Sector
Monetary and Financial Statistics
The Monetary and Financial Statistics Section is responsible for the collection, compilation and analysis monetary sector data which includes money supply, credit extension, interest rates and foreign reserves
The Public Finance office is responsible for the fiscal sector. It collects and analyses data on government revenue and expenditure, overall government fiscal position and domestic and foreign borrowing.
The section collects and analyses data on the Gross Domestic Product (GDP), Prices and Employment. It also monitors performance of key sectors of the economy namely; agriculture, construction, power and energy, manufacturing, tourism and mining.
Balance of Payments and International Economics Division
The Balance of Payments and International Economics Division compiles the Balance of Payments statement for Swaziland and monitors economic developments in advanced and emerging economies as well as developing and coordinating the Central Bank of Swaziland’s interactions and relations with other central banks and regional, international and multilateral institutions and organisations
The Balance of Payments and International Economics Division is divided into two sections, namely Balance of Payments and International Relations and Regional Affairs
Balance of Payments
The Balance of Payment section is responsible for the collection and analyses of external sector data. This includes data on trade in goods and services, international reserves, SACU receipts, Factor Income, Capital Account, Financial Account and then compiles the country’s Balance of Payments Statement and International Investment Position.
The International Economics Section is responsible for monitoring economic developments in advanced and emerging economies to inform management on issues and policies that may impact on Swaziland. The Section collects, analyzes and advises senior management on developments taking place in international and regional groupings namely CMA, SACU, SADC, AACB, COMESA, IMF, AU, World Bank, AfDB, BIS and SADC central banks. The section also coordinates the Central Bank’s relations with other central banks and regional, international and multilateral institutions and organisations
Policy Research and Macroeconomic Analysis Division
The Policy Research and Macroeconomic Analysis Division undertakes applied economic research in general macroeconomic and monetary issues supported by econometric modelling and forecasting.
The Policy Research and Macroeconomic Analysis Division is divided into two sections, namely Modelling and Forecasting and Policy Research.
Modelling and Forecasting
The Modelling and Forecasting Section develops economic models using econometric techniques to enable a more rigorous understanding of how the Swaziland economy performs, in order to produce reliable forecasting of key economic variables.
The Policy Research Section conducts applied economic research to inform economic policy, advice and decision-making.
The Library keeps records of key reading materials, including newspapers, books, periodicals and journals. It is accessible to all members of staff. It also compiles information on the attendance of international conference, seminars, meetings and workshops. The library also works very closely with other departments in the bank responsible for keeping bank records and other external institutions responsible for archiving and producing economic information that is pertinent to the work of the central bank.
Central Bank of Swaziland
Mbabane, Swaziland (H100)
Tel: [+268] 2408 2000
Fax: [+268] 2404 0063