GEF Grant Agreement, TF055093 Conformed
Munzberg,Nathalie S.
The outcome for the Urban Development Project for Swaziland was satisfactory, the sustainability was likely, the institutional development impact was modest, and the Bank and borrower performance were both satisfactory. Lessons learned from the project: The project faced a number of implementation challenges as a result of the low institutional base at the start of the project and the complexity of project design. In countries such as Swaziland loans should be denominated in South African Rands (legal tender in Swaziland) rather than USD. During the supervision of projects, project progress needs to be assessed against a number of variables rather than using the rate of Loan disbursement as the sole indicator. Finally, the complex design of the project reflected the complex urban development challenges facing the Swazis in the early 90s.
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