The IMF’s R70bn loan for SA: the pros, cons and potential pitfalls
The International Monetary Fund has approved a R70bn ($4.3bn) loan for SA to help the country manage the immediate consequences of the fallout from Covid-19. The Conversation Africa’s editor, Caroline Southey asked University of Pretoria Prof Danny Bradlow* to shed some light on what South Africans should expect
29 July 2020 - 06:00
What conditions has the IMF attached to the disbursement?
The IMF has provided the funding through its Rapid Financing Instrument (https://www.imf.org/en/About/Factsheets/Sheets/2016/08/02/19/55/Rapid-Financing-Instrument). This is designed to support countries facing an urgent need for financing due to a crisis such as the Covid-19 pandemic. The goal is to help the country face the immediate financial consequences of the crisis. As a result the IMF provides the financing quickly and without strict conditions...
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