South Africa: Request for Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for South Africa
Electronic Access:
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Summary:
The COVID-19 outbreak is leading to a sharp economic contraction and creating significant financing needs in South Africa. The IMF approved US$4.3 billion in emergency financial assistance under the Rapid Financing Instrument (RFI) to support the authorities’ efforts in addressing the challenging health situation and severe economic impact of the COVID-19 shock. Once the pandemic is behind, there is a pressing need to ensure public debt sustainability and implement structural reforms to support the recovery and achieve sustainable and inclusive growth.
Series:
Country Report No. 2020/226
Subject:
International organization Monetary policy
Frequency:
regular
English
Publication Date:
July 28, 2020
ISBN/ISSN:
9781513551722/1934-7685
Stock No:
1ZAFEA2020003
Pages:
52
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