IMF to pick SA's COVID-19 emergency situation funding

JOHANNESBURG – The International Monetary Fund is scheduled to satisfy on Monday to consider South Africa’s loan demand.

Federal government is seeking a loan of $4.2 billion (R70- billion) for COVID-19 emergency financing.

READ: IMF to think about SA’s loan request

This in spite of displeasure from the governing celebration’s tripartite alliance partners Cosatu and the SACP.

The IMF is known for releasing loans with stringent conditions related to structural reforms.

But it’s reported the loan to SA will not go through rigid conditions

The statement on the choice is expected later this afternoon.

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https://covid19globalcases.com/imf-to-pick-sas-covid-19-emergency-situation-funding/