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.
Market-led policy approaches increasingly used to deal with both climate and health emergencies are failing to protect those most vulnerable.
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