President Kaberuka Urges Deeper Fiscal Reforms in Swaziland

11 March 2011
Content from a Premium Partner
African Development Bank (Abidjan)
press release

The President of the African Development Bank (AfDB) Group, Donald Kaberuka was on Friday, 11 March 2011, received in audience by his Majesty King Mswati III, the Prime Minister and members of the Swaziland economic team.

Mr Kaberuka was in the country to confer with the authorities on the economic challenges facing the country, in particular the tough fiscal situation.

The President encouraged the authorities to quicken and deepen the pace of fiscal reforms by significant expenditure cuts and revenue generation.

He observed that the newly adopted fiscal adjustment plan marked a very good beginning to sustainable public finance.

The President also observed: "The current state of public finances is not sustainable. I welcome very much the willingness of the Authorities to adopt a fiscal sustainability plan which the Bank has supported".

He commended the introduction of the Autonomous Revenue Authority and expenditure measure under discussion with the international institutions. The President reaffirmed that the African Development Bank was prepared to fund such a plan and work with Authorities to that end.

Contacts

Magatte Wade

Read the original article on African Development Bank (AfDB).

Tagged:
Copyright © 2011 African Development Bank. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 600 reports a day from more than 110 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.