SOUTH AFRICA: IMF LOAN IS JUST A START OF FUTURE BORROWING REQUIREMENTS
Wed, 29 July 2020
The IMF’s issuance of South Africa’s special drawing rights will be insufficient to meet the country’s massive spending commitments in coming years and the government will need to consider further funding from the Fund, including a programme with politically unpalatable conditionalities attached. The re-engagement with the IMF will however begin to anchor policy decisions and attract further financing flows.
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