South Africa: Post-Financing Assessment-Press Release; and Staff Report

September 4, 2024

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International Monetary Fund. African Dept. "South Africa: Post-Financing Assessment-Press Release; and Staff Report", IMF Staff Country Reports 2024, 283 (2024), accessed September 14, 2024, https://0-doi-org.library.svsu.edu/10.5089/9798400286186.002

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Summary

South Africa’s economy faces significant macroeconomic challenges: declining GDP per capita, rising debt, high unemployment, poverty, and inequality. Following national elections in May, the long-ruling African National Congress (ANC) lost its majority in parliament and formed a government of national unity (GNU) with the main opposition party Democratic Alliance and nine other parties. The GNU has indicated its intention to address these challenges, while ensuring social cohesion and good governance, which has been welcomed by the markets.

Subject: External debt, Fiscal policy, Fiscal stance, Public debt, Revenue administration

Keywords: Africa, Fiscal stance, Global, Government operation, IMF team, IMF's transparency policy, Inflation decline, Per-capita GDP figure, Policy discussion, U.S. dollar

Publication Details

Pages:

41
Volume:

2024
DOI:

https://0-doi-org.library.svsu.edu/10.5089/9798400286186.002
Issue:

283
Series:

Country Report No. 2024/283
Stock No:

1ZAFEA2024001
ISBN:

9798400286186
ISSN:

1934-7685

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