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.

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At a Glance : South Africa's Relations with the IMF

  • Current IMF membership: 189 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 July 25, 2011 (Country Report 11/258)

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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

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News and Highlights

  • The IMF's Assessment of South Africa

    2013 Art IV Consultation; By the Senior Resident Representative in South Africa; October 1, 2013

    October 2, 2013

  • Building Momentum in a Multi-Speed World

    Regional Outlook for Sub-Saharan Africa; By Axel Schimmelpfenning; May 17, 2013

    May 17, 2013

  • South Africa’s Unemployment Puzzle

    iMFdirect blog by Abebe Aemro Selassie, Assistant Director in the IMF’s African Department

    April 4, 2011

  • 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.

    September 24, 2009

  • 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

    April 3, 2009

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South Africa and The IMF

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Regional Economic Outlook for Sub-Saharan Africa

Sub-Saharan Africa

April 2016

After an extended period of strong economic growth, many sub-Saharan African countries have been hit by a multiple of shocks—the sharp decline in commodity prices, tighter financing conditions, and a severe drought in southern and eastern Africa. Growth fell in 2015 to its lowest level in some 15 years and is expected to slow further to 3 percent in 2016. The growth performance, however, differs across countries, with most oil importers faring reasonably well. The region’s medium-term prospects remain favorable but many countries urgently need to reset their policies to reinvigorate growth and realize this potential. To this end, countries should adjust fiscal policies, and for those outside monetary unions, exchange rate flexibility, as part of a wider policy package, should also generally be part of the first line of defense. In the medium term, policies targeted at diversification and financial sector development could also strengthen resilience and boost growth.

Read the report

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Departmental Papers on Africa

Africa Departmental Papers Cover 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.

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IMF Opens Africa Training Institute in Mauritius

The International Monetary Fund (IMF) on June 26, 2014 opened the Africa Training Institute (ATI) in Ebene, Mauritius, adding an important regional center to a global network of centers helping to develop countries' policymaking capacity by transferring economic skills and best practices.