01873cas a2200241 a 4500 AALejournalIMF020114 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498338967 2663-3493 BD-DhAAL BD-DhAAL International Monetary Fund. Kingdom of Swaziland : Assessment Letter for Multilateral and Bilateral Donors. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (4 pages) Policy Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This letter provides an assessment of recent macroeconomic developments in Swaziland and an update on the discussions between IMF staff and the Swaziland authorities. Swaziland faces a fiscal crisis caused by an 11 percent of GDP drop in revenue payments from the Southern African Customs Union (SACU) and one of the largest wage bills in Africa. In response, the authorities have put in place an ambitious Fiscal Adjustment Roadmap and requested IMF staff to monitor its implementation. The IMF Managing Director approved a Staff-Monitored Program with Swaziland on April 4, 2011, that seeks to start the necessary fiscal adjustment, while protecting education, health, and pro-poor spending and improving public financial management. Securing adequate financing in 2011/12 will be critical to avert a more severe fiscal situation. Mode of access: Internet Policy Papers; Policy Paper ; No. 2011/029 Full text available on IMF http://elibrary.imf.org/view/journals/007/2011/029/007.2011.issue-029-en.xml IMF e-Library