Opposition groups in Swaziland have condemned South Africa's decision to offer an economic bailout to their country, Africa's last absolute monarchy.

On Wednesday, South Africa announced a bailout package worth more than $350 million to its cash-strapped neighbor.

The package contains so-called “confidence building measures” aimed at persuading Swazi leader King Mswati to make economic and political reforms. But Swazi dissidents say South Africa should have demanded immediate changes.

Opposition parties are outlawed in Swaziland, and many activists accuse King Mswati of economic mismanagement and corruption.

The country is facing a steep budget shortfall and has experienced a wave of protests since April calling for greater democracy.

In June, Swaziland's finance minister, Majozi Sithole, said salaries for civil servants could be delayed or cut in half in coming months if the country is unable to obtain loans.