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2.     Providing Grant Financing of LUSIP

 

LUSIP is a national programme aimed at promoting smallholder farm development in the lowveld, primarily dedicated to the growing of sugar. It will, at full capacity, allow for the irrigation of about 11 000 hectares of land to sugarcane. Given the strategic goal of placing smallholder agricultural development at the heart of national development in these areas, there is need to ensure the full viability and success of this project. Many donors, including the EU and EIB, have committed themselves to the financing and success of the project.

 

The reforms in the EU sugar market however place the viability of the project at risk. Whilst this obtains, and can be dealt with appropriately, the project has realized a financing gap to allow smooth completion. As such, funding in the magnitude of €42 million will be required. To keep the viability of the project intact, such financing must be in the form of a grant, as loan financing would compromise the viability margins.

 

Measure:

 

3.     Empowerment of the poor to generate income

 

The Ministry of Economic Planning and Development, working together with other Government Departments, has developed a framework for providing access to credit for business and agricultural purposes through the Poverty Fund. Many eligible poor are either unaware of the fund or lack information on how access it

 

This fund needs to be promoted and disbursement mechanisms finalized to facilitate access by the poor and ensure that it meets its establishment objectives.

 

Measure

 

·         Assist in disbursing the Poverty Fund

4.     Human capital development    

 

In spite of a nominally high rate of unemployment, acute shortages have been recorded in the levels of health and education of the Swazi population. The problem is exacerbated by generally poor health care facilities, by the high level of HIV/AIDS infection, and the high death rate and rapid increase in the number of orphans that go with it. These problems, together with a general shortage of skills, constitute a great burden on the process of transformation, as the Swazi economy is striving to develop and diversity. Considerable support will be needed by government if it is to assume responsibility for running the health and education services of the sugar communities and expanding/improving access to national facilities for the general populace.

 

Measures:

           

5.     Pursuit of good governance

 

Good governance is the efficient, effective, and accountable exercise of administrative, managerial, and political authority at all levels of human society. In the delivery of public services to the poor, good governance is frequently affected by excessive centralization.

 

The objective of this strategy is to promote decentralised planning, budgeting and delivery of services to the rural poor. The strategy will also involve improved management of the country’s fiscus.

 

Measure

 

 

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