Swazi unions tell IFIs to “go hang”

30 September 2010

The IMF, World Bank, and African Development Bank criticised the 4.5 per cent pay rise of Swazi public servants in August, because of the country’s tight fiscal situation. A representative of Swaziland’s Nurses Association said, “whoever is unhappy must go hang” and added “Swaziland is where it is today because of the same capitalism which the IMF advocates”. A primary teachers’ association member agreed: “We should define the economy in our own way.” Disagreement over public salaries and fiscal adjustment led to loan refusals when the country turned to the IFIs amid a serious cash-flow problem in September.