SA on track to get IMF loan by end of July
A letter of intent for the Covid-19 emergency loan has been drawn up for signature
15 July 2020 - 17:24
SA is on track to get its $4.2bn (about R70bn) International Monetary Fund (IMF) Covid-19 emergency loan by the end of July, National Treasury director-general Dondo Mogajane said on Wednesday.
Negotiations between the Treasury and IMF staff are completed and a letter of intent has been drawn up for signature by finance minister Tito Mboweni and SA Reserve Bank governor Lesetja Kganyago.
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