IMF approves $4.3bn loan to South Africa

There have been mixed reactions to the country's IMF request, with some warning against the suffocating grip of accompanying conditions on the country. Last month, Finance Minister Tito Mboweni announced in his supplementary budget speech that South Africa approached the IMF for emergency funding.

Source: Loan Digest (loandigest.net)

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

IMF board approves $4.3 bln loan to help South Africa to fight pandemicThe International Monetary Fund said on Monday its executive board approved $4.3 billion in emergency financing for South Africa to help the country address the “severe economic impact” and health challenges of the coronavirus pandemic. The IMF said the Rapid Financing Instrument loan, equal to 100% of South Africa’s IMF quota, or shareholding, will help fill urgent balance of payments needs from pandemic-caused fiscal pressures.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

PICS | This is what ten years of Miss South Africa winners look like | ChannelAs we wait for this year's Miss South Africa top 10 finalists to be announced, we take a look at the women who wore the crown from 2009 to 2019.
Source: Channel24 - 🏆 48. / 51 Read more »

South Africa records 12 204 new Covid-19 cases, 312 deaths
Source: IOL - 🏆 46. / 51 Read more »

ISS TODAY: Refocusing the Africa-EU strategyAmong other African priorities, negotiators should focus on healthcare and debt relief in the wake of Covid-19.
Source: dailymaverick - 🏆 3. / 84 Read more »

Black lives must matter in Africa tooAlthough Africans must continue to support the Black Lives Matter movement, there is also the need for them to raise their voices against injustices in other African countries
Source: mailandguardian - 🏆 2. / 92 Read more »

Jacob Zuma says Mkapa’s death robs Africa of a peace brokerThe death of former Tanzanian president Benjamin William Mkapa has robbed Africa of one of its outstanding sons who contributed considerably to the quest for peace on the continent, said former SA president Jacob Zuma.
Source: IOL - 🏆 46. / 51 Read more »