Eswatini: Mswati Back in Pretoria to Plead for R10-Billion Bailout

King Mswati III is due in Pretoria next week to plead directly with President Jacob Zuma for a R10-billion (US$1,47-billion) loan to keep Swaziland from complete collapse.

South Africa is Mswati's last hope. As pressure mounts from pro-democracy formations in Africa's last absolute monarchy, both the International Monetary Fund (IMF) and the World Bank have in the past month declined to provide the short-term funds necessary to keep Swaziland going. The country does not have the funds to pay its civil servants at the end of June.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.