Swaziland has failed to pay more than $10m (£6.3m) in grants to Aids orphans, the IMF says, despite the vast wealth enjoyed by its absolute monarch.
The tiny southern African kingdom needs to take urgent action as it struggles to maintain spending on HIV/Aids, education and the elderly, the IMF warned after a two-week fact-finding mission.
"The fiscal crisis has reached a critical stage," the global body said. "Government revenue collections are insufficient to cover essential government expenditures."
The IMF's Joannes Mongardini told the BBC that the Swazi government had "owed" $10m in grants to orphans and $4m to elderly people since September. More than 25% of Swaziland's adult population were infected with HIV/Aids, and tens of thousands of children orphans, he added. Full story...
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The tiny southern African kingdom needs to take urgent action as it struggles to maintain spending on HIV/Aids, education and the elderly, the IMF warned after a two-week fact-finding mission.
"The fiscal crisis has reached a critical stage," the global body said. "Government revenue collections are insufficient to cover essential government expenditures."
The IMF's Joannes Mongardini told the BBC that the Swazi government had "owed" $10m in grants to orphans and $4m to elderly people since September. More than 25% of Swaziland's adult population were infected with HIV/Aids, and tens of thousands of children orphans, he added. Full story...
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