{"id":6556,"date":"2025-12-17T12:17:05","date_gmt":"2025-12-17T10:17:05","guid":{"rendered":"https:\/\/swazidailynews.com\/?p=6556"},"modified":"2025-12-17T12:17:05","modified_gmt":"2025-12-17T10:17:05","slug":"e1-66-billion-in-govt-coffers-to-ease-cash-flow-constraints","status":"publish","type":"post","link":"https:\/\/genesisekucalenimedia.com\/edn\/6556\/eswatini-daily-news\/e1-66-billion-in-govt-coffers-to-ease-cash-flow-constraints\/","title":{"rendered":"E1.66 billion in Govt coffers to ease cash flow constraints"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">By Delisa Magagula <br \/><br \/>His Majesty King Mswati III&#8217;s Government is set to receive a significant boost to its finances this week.<br \/><br \/>There is an expected arrival of a US$47.5 million loan from the African Development Bank, equivalent to approximately E807 million. In addition, a US$50 million loan from the OPEC Fund, or about E850 million, is expected to follow shortly, bringing total new funding to roughly E1.66 billion.<br \/><br \/>Minister for Finance Neal Rijkenberg confirmed on Monday that the funds have cleared all required approvals, including parliamentary endorsement, and are now ready to be deposited into government accounts. <br \/><br \/>\u201cThe loans are expected to relieve pressure on government cash flow and allow for the full settlement of outstanding payments to suppliers. The African Development Bank loan is part of a broader programme aimed at supporting economic resilience, service delivery, and sustainable growth,\u201d said the Minister during his popular Finance in Focus segment.<br \/><br \/>He further said, OPEC Fund facility complements this by providing additional resources at a time when seasonal revenue fluctuations have put strain on government finances.<\/p>\n<figure id=\"attachment_6563\" aria-describedby=\"caption-attachment-6563\" style=\"width: 1125px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\" wp-image-6563\" src=\"https:\/\/genesisekucalenimedia.com\/edn\/wp-content\/uploads\/2025\/12\/PAGE-1-SUB-LEAD-The-Board-of-Directors-of-the-African-Development-Bank-Group-has-approved-a-47.5-million-loan-to-the-Kingdom-of-Eswatini-1-300x200.jpg\" alt=\"\" width=\"1125\" height=\"750\" \/><figcaption id=\"caption-attachment-6563\" class=\"wp-caption-text\">The Board of Directors of the African Development Bank Group has approved a $47.5 million loan to the Kingdom of Eswatini<\/figcaption><\/figure>\n<p><br \/><br \/>Minister Rijkenberg emphasised that while the loans provide immediate liquidity, they are denominated in U.S. dollars, meaning future repayments will be made in foreign currency. <br \/><br \/>He said this exposes the government to exchange rate considerations, a weaker Emalangeni could increase the local cost of servicing the debt, while a stronger Emalangeni may reduce it.<br \/><br \/>\u201cThe arrival of these loans is a key step in stabilising Eswatini\u2019s public finances. With funds now entering government coffers, suppliers and contractors who have experienced payment delays can expect their invoices to be cleared in full in the coming days,\u201d assured the Minister.<br \/><br \/>According to the Ministry of Finance, these loans are part of a strategy to ensure fiscal stability, maintain continuity in government operations, and avoid disruption of essential services.<br \/><br \/>Access to external financing provides a predictable source of funds that can help manage seasonal shortfalls in revenue collection.<br \/><br \/>Noteworthy, the government plans to manage the loans prudently to balance immediate financial needs with long-term debt sustainability. <br \/><br \/>Rijkenberg said careful monitoring of exchange rates and repayment schedules will be key to ensuring that obligations in U.S. dollars do not place excessive strain on the national budget.<br \/><br \/>\u201cThe African Development Bank funds expected to land this week and the OPEC Fund facility soon afterwards, we are positioned to restore normal cash flow, pay suppliers, and strengthen the overall financial position of the government,\u201d said the Minister.<\/p>\n<p><strong><div class=\"_df_book df-lite\" id=\"6548\"  data-title=\"\" wpoptions=\"true\" thumbtype=\"\" ><\/div><\/strong><br \/><br \/>He further said, the combined effect of these loans represents one of the largest inflows of external financing into Eswatini in recent months and reflects coordinated efforts between the government, international financial institutions, and Parliament to manage public finances responsibly.<\/p>\n","protected":false},"excerpt":{"rendered":"By Delisa Magagula His Majesty King Mswati III&#8217;s Government is set to receive a significant boost to its&hellip;","protected":false},"author":1,"featured_media":6562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":""},"categories":[22,23,24,25,26],"tags":[46,55,73,82,58],"class_list":["post-6556","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eswatini-daily-news","category-finance","category-future","category-national","category-swaziland","tag-africa","tag-business","tag-eswatini","tag-finance","tag-national","cs-entry","cs-video-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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