IMF

King of impoverished Swaziland complains about IMF

AP News
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Posted: Sep 14, 2011 2:02 PM
King of impoverished Swaziland complains about IMF

Swaziland's king says the International Monetary Fund should be helping his impoverished country, not calling for budget cuts.

In a speech Wednesday, Mswati III complained about IMF calls for cutting civil service salaries.

He says, "How can you do that, when you know that some of the civil servants are bread winners for large families?"

Mswati, who critics complain lives lavishly, said, "What we want is that the IMF hear our side ...."

IMF spokesmen did not immediately respond to requests for comment. In a statement last month, fund experts expressed concern about the kingdom's deepening crisis and its failure to meet IMF targets to stop borrowing from the central bank and cut wage and capital spending in favor of funding education and health.