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South Africa: The IMF's $4bn Loan for South Africa - the Pros, Cons and Potential Pitfalls
The Conversation Africa, 28 July 2020
The International Monetary Fund (IMF) has approved a R70 billion (US$4.3 billion) loan for South Africa to help the country manage the immediate consequences of the fallout from… Read more »
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South Africa: IMF Grants Emergency Covid-19 Assistance to South Africa
allAfrica, 27 July 2020
The International Monetary Fund (IMF) on Monday approved U.S. $4,3 billion in emergency assistance to help South Africa fight the novel coronavirus pandemic. Read more »
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South Africa: IMF Executive Board Approves US$4.3 Billion in Emergency Support to South Africa to Address the COVID-19 Pandemic
IMF, 27 July 2020
The Executive Board of the International Monetary Fund (IMF) today approved South Africa’s request for emergency financial assistance of SDR 3,051.2 million (US$ 4,286.5… Read more »
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South Africa: South Africans Should Accept That the IMF Is Neither Their Worst Enemy Nor Their Saviour
The Conversation Africa, 22 July 2020
The South African government has asked the International Monetary Fund (IMF) for $4.2 billion. The money would come from a facility that provides financing to countries facing an… Read more »
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Africa: South Africa Must Find the Courage to Make Hard Decisions
Daily Maverick, 22 July 2020
South Africa has approached the IMF with a request for a loan. This time around, it's for a loan without the usual conditionalities that raise the spectre of long-term indebtedness… Read more »
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South Africa: African Development Bank Approves R5bn to Fight Covid-19
SAnews.gov.za, 23 July 2020
The Board of Directors of the African Development Bank (Afdb) has approved a loan of approximately R5 billion ($288 million) to the government of South Africa, as the country… Read more »
South Africa to Get U.S.$4.3 Billion in Covid-19 Support From IMF
The International Monetary Fund (IMF) has approved U.S.$4.3 billion in emergency assistance to help South Africa fight the novel coronavirus pandemic. The IMF says the loan will meet urgent balance of payment needs resulting from the Covid-19 outbreak. But democratic South Africa's first foray into seeking IMF funding is controversial within the governing African National Congress, writes John Allen for allAfrica.
InFocus
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As the nation's economy faces the COVID-19 outbreak, the government has announced its intention to introduce a Basic Income Grant for unemployed non-grant recipients between the ... Read more »
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Finance Minister Tito Mboweni has said he has the support of the African National Congress leadership in approaching the International Monetary Fund for financial support to partly ... Read more »
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Although Covid-19 could set back efforts to eliminate extreme poverty across the globe by anything between three and 10 years, there are signs of hope. The latest update of an ... Read more »
