No Neal, no CBE audit

MBABANE – Calling for a new law to ensure the auditor general audits the CBE appears to be seeking something that is already provided for in legislation. It calls on the minister for Finance to table before the House, within six months of its adoption, a draft amendment of the Central Bank of Eswatini Order of 1974 to enable the Office of the AG to audit the CBE. The minister was further to be called upon to submit a comprehensive report with recommendations on strengthening the legal framework on the audit of the CBE and on balancing the bank’s operational independence with constitutional accountability. He was also to advise the House whether the current arrangement, which the motion describes as excluding the Office of the AG, is consistent with International Monetary Fund (IMF) and World Bank best practices on the audit of Central Banks. However, Section 51 of the Central Bank Order of 1974 already provides that the minister may, at any time, require the AG to examine and report on the bank’s accounts or any aspect of its operations. The bank is required to provide the AG with all necessary and proper facilities to conduct such an examination.

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Published

20 Sep 2026

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English