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Pretoria, The Union Buildings

Pretoria: The Union Buildings

South Africa Resident Representative Site

Resident Representative Office in South Africa

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 : South Africa's Relations with the IMF

  • Current IMF membership: 186 countries
  • South Africa joined the Fund on December 27, 1945
  • Quota: SDR 1,868.50 million
  • Outstanding loans: None
  • The latest Article IV consultation was discussed by the Executive Board on October 22, 2008 (Country Report 08/348)

News — Highlights

IMF Note for G-20 Leaders Summit

This note provides the IMF's assessment of the global economic and financial situation and prospects. It then assesses the policy response to date, and outlines the IMF's views on the policy challenges that lie ahead. click for more

G-20 Reaffirms IMF's Central Role in Combating Crisis

The Group of Twenty (G-20) industrialized and emerging market economies has reaffirmed the IMF’s central role in the international financial system, agreeing to triple the Fund’s lending capacity to $750 billion and enabling it to inject extra liquidity into the world economy, according to Managing Director Dominique Strauss-Kahn click for more

IMF Urges G-20 States To Take More Decisive Action to Combat Crisis

The IMF has urged the Group of Twenty (G-20) industrialized and emerging market countries to take more decisive policy action to combat the corrosive global financial and economic crisis by bolstering demand and cleaning up the financial sector. click for more

South Africa and the IMF

IMF Survey: Sound Policies Shield South Africa from Worst of Recession

September 25,2009
Sound macroeconomic policies have helped cushion the impact of South Africa's first recession since 1992, the IMF says. In its regular assessment of South Africa's economy, the IMF stresses the importance of progress on structural reforms to remove long-standing barriers to growth and employment.  click for more

The Derivatives Market in South Africa: Lessons for sub-Saharan African Countries

September 15,2009
Author/Editor: Adelegan, Olatundun Janet
Series: Working Paper No. 09/196 click for more

South Africa: Selected Issues

September 10,2009
Series: Country Report No. 09/276 click for more

South Africa: 2009 Article IV Consultation - Staff Report; Staff Statement and Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for South Africa

September 10,2009
Series: Country Report No. 09/273 click for more

Public Information Notice: IMF Concludes 2009 Article IV Consultation with South Africa

September 10,2009
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment. click for more

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Regional Economic Outlook for Sub-Saharan Africa

image from the publication cover

Sub-Saharan Africa has been hit hard by the global recession, but signs of resilience remain. While South Africa and some other middle-income countries were caught in the turbulence of international financial markets, and oil exporters saw government revenues plunge, some countries with wider commodity bases have so far escaped the worst of the crisis. Also, and reassuringly, with stronger initial fiscal and external positions than in past downturns, most countries in the region have been able to partially absorb external shocks by allowing fiscal deficits to rise and reducing interest rates. Exchange rates have generally been allowed to adjust. With many families affected by the crisis, however, progress toward the Millennium Development Goals has receded. Looking ahead, fiscal policy must balance support for the recovery with enhancing future growth prospects, debt sustainability, and poverty reduction. Published biannually in May and October. Click for more

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Resident Representative for South Africa

Senior Resident Representative:
Mr. Seán Nolan

Administrative Assistant:
Ms. van der Westhuyzen

Telephone: 27 12 342-3444
Fax: 27 12 342-2668

Address: PO Box 12082; Hatfield 0028; Pretoria