South Africa: Request for Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for South Africa
July 28, 2020
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South Africa: Request for Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for South Africa, (USA: International Monetary Fund, 2020) accessed November 23, 2024
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.
Publication Details
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Pages:
52
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Volume:
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DOI:
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Issue:
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Series:
Country Report No. 2020/226
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Stock No:
1ZAFEA2020003
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ISBN:
9781513551722
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ISSN:
1934-7685
