Ramaphosa ‘perfectly suited’ to address SA’s challenges, says IMF
Christine Lagarde confirmed that she has not been approached by the government to discuss any kind of financial support
President Cyril Ramaphosa has his eyes on the right objectives for the country and is very focused on what he wants to deliver, IMF head Christine Lagarde said on Wednesday. Commenting on speculation that the country could approach the global lender for a bailout considering its precarious financial position, Lagarde said the IMF had not been approached for funding. “Our focus is on governance and unleashing the potential of growth. We see [Ramaphosa] as perfectly suited, given the challenges ahead,” she said, citing the high levels of youth unemployment and the need to increase growth. Lagarde is in the country as part of the IMF head’s annual African trip. She told journalists soon after meeting Ramaphosa in Pretoria on Wednesday that her organisation has faith in the president. The vote of confidence is a significant boost for Ramaphosa who took over from former president Jacob Zuma early this year. His key tasks are to restore investor confidence, improve growth, and cleanse the...
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