South Africa must reform in return for $4.3 billion aid – IMF

IMF HQ 2
IMF headquarters in Washington, DC
Photo: Henrik Gschwindt de Gyor/IMF

The International Monetary Fund has agreed an emergency support package worth $4.3 billion for South Africa, as coronavirus cases in the country rise.

The IMF announced on July 27 that it was providing South Africa aid worth 3,051.2 million in Special Drawing Rights, under its rapid financing instrument. The package is equal to 100% of South Africa’s quota for IMF aid.

South Africa’s government announced a strict lockdown to deal with the coronavirus pandemic on March 23. After the country

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: