Blog by Mac Banda, Adviser and Team Leader (Systems), Debt Management Unit, Commonwealth Secretariat
Earlier this year, when I worked on a project in Eswatini to digitise applications for credit guarantees and private sector borrowing, I was reminded of the important role small businesses play in the country’s economy.
From market traders and transport providers to farmers and aspiring entrepreneurs, many people rely on loans to start, sustain and grow their businesses. But for banks to lend confidently, and for governments to manage financial risks properly, robust financial systems are critical.
To support this, the Central Bank of Eswatini has introduced the credit…