This web page presents information about the work of the IMF in South Africa, including the activities of the IMF Resident Representative Office. Additional information can be found on the South Africa and IMF country page, including IMF reports and Executive Board documents that deal with South Africa.
At a Glance
- Current IMF membership: 190 countries
- South Africa joined the Fund on December 27, 1945
- Quota: SDR 3051.2 million
- The latest Article IV consultation was discussed by the Executive Board on July 25, 2018 (Country Report 18/246)
Office Activities
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Presentation of the April 2022 Regional Economic Outlook: Sub-Saharan Africa
Resident Representative Max Alier, and Papa N'Diaye presented the latest Regional Economic Outlook at the WITS University in Johannesburg.
June 7, 2022
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Presentation of the October 2021 Regional Economic Outlook: Sub-Saharan Africa
Resident Representative, Max Alier, presented the latest Regional Economic Outlook to Zululand University, United Nations of South Africa, and Circle of Global Business Women.
November 16, 2021
Fraudulent Scam Emails Using the Name of the IMF
We would like to bring to the notice of the general public that several variants of financial scam letters purporting to be sanctioned by the International Monetary Fund (IMF) or authored by high ranking IMF officials are currently in circulation, and may appear on official letterhead containing the IMF logo. The scam letters instruct potential victims to contact the IMF for issuance of a “Certificate of International Capital Transfer” or other forms of approval, to enable them receives large sums of monies as beneficiaries. The contact e-mail information is always BOGUS and unsuspecting individuals are then requested to send their personal banking details which the scammers utilize for their fraudulent activities.For more information please see Fraudulent Scam Emails Using the Name of the IMF
IMF's Work on South Africa
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Harnessing Sub-Saharan Africa’s Critical Mineral Wealth
April 29, 2024
The region has an opportunity to develop critical minerals markets and processing industries to maximize the coming boom.
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Transcript of African Department April 2024 Press Briefing
April 19, 2024
Good morning and good afternoon and good evening for our viewers around the world. I am Tatiana Mossot with the IMF Communication department.
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Transcript of Fiscal Monitor April 2024 Press Briefing
April 17, 2024
Transcript of Fiscal Monitor April 2024 Press Briefing
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South Africa: Technical Assistance Report-Fiscal Transparency Evaluation
April 15, 2024
Series:Technical Assistance Report No. 2024/031
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March 8, 2024
Series:Technical Assistance Report No. 2024/014
Regional Economic Outlook
April 19, 2024
A Tepid and Pricey RecoveryAfter four turbulent years, the outlook for sub-Saharan Africa is gradually improving. Growth will rise from 3.4 percent in 2023 to 3.8 percent in 2024, with nearly two thirds of countries anticipating higher growth. Economic recovery is expected to continue beyond this year, with growth projections reaching 4.0 percent in 2025. Additionally, inflation has almost halved, public debt ratios have broadly stabilized, and several countries have recently issued Eurobonds, ending a two-year hiatus from international markets. However, not all is favorable and risks to the outlook remain tilted to the downside. The funding squeeze persists as the region’s governments continue to grapple with financing shortages, high borrowing costs, and impending debt repayments. Amid the challenges, sub-Saharan African countries will need additional support from the international community to develop a more inclusive, sustainable, and prosperous future.
Read the Report
Departmental Papers on Africa
The Departmental African Paper Series covers research on sub-Saharan Africa conducted by International Monetary Fund (IMF) staff, particularly on issues of broad regional or cross-country interest. The views expressed in these papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF Management.