By MBABANE, SWAZILAND – Nov. 16 2011
“The fiscal crisis has reached a critical stage. Government revenue collections are insufficient to cover essential government expenditures,” the IMF said after a two-week fact-finding mission to the kingdom.
Businesses dependent on government contracts were laying off workers or shutting down, the IMF said, projecting economic growth to slow to 0.3% this year.
- Swaziland ‘fails to pay’ orphans (bbc.co.uk)
- Why South Africa Bailed Out Swaziland (time.com)
- Explainer: Why are people protesting in Swaziland? | Mark Tran (guardian.co.uk)