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Running to the now ‘reformed’ IMF would be a mistake

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Covid-19 creates an opportunity for the government to act boldly, which includes greater investment in social services and a much larger public sector, writes Dominic Brown

to argue that turning to the IMF is an attractive prospect to source cheap financing to save lives.

Of course, the problem remains that corporations, banks and parastatals have borrowed from international creditors to the sum of $185bn . A debt audit should therefore be mandatory, before there is any further servicing of the foreign debt.

 

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tito_mboweni how come you never shared articles like this one

IMF will be good for the taxpayer. SA has expenditure problem that needs to be contained. Current policies are unable to do this. IMF needs to be the adult here since leadeship in SA can not be.

Thanks, China, of course you'd say that.

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