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

Diepsloot in South Africa.

Don't Miss

AllAfrica publishes around 800 reports a day from more than 130 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.