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: 191 countries
- South Africa joined the Fund on December 27, 1945
- Quota: SDR 3051.2 million
- Article IV/Country Report: June 6, 2023. (IMF Country Report No. 23/194 )
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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January 30, 2025
Series:Country Report No. 2025/028
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January 30, 2025
Series:Country Report No. 2025/029
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IMF Executive Board Concludes 2024 Article IV Consultation with South Africa
January 30, 2025
The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with South Africa.
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Transcript of World Economic Outlook (WEO) Update, January 2025
January 17, 2025
MR. DE HARO: Happy New Year and welcome. I'm José Luis de Haro with the Communications Department here at the IMF. And we are gathered here today for the launch of the World Economic Outlook Update.
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South Africa: Central Bank Transparency Code Review
December 2, 2024
Series:Country Report No. 2024/320
Regional Economic Outlook
October 25, 2024
Sub-Saharan African countries are implementing difficult and much needed reforms to restore macroeconomic stability, and while overall imbalances have started to narrow, the picture is varied. Policymakers face three main hurdles. First, regional growth, at a projected 3.6 percent in 2024, is generally subdued and uneven, although it is expected to recover modestly next year to 4.2 percent. Second, financing conditions continue to be tight. Third, the complex interplay of poverty, scarce opportunities, and weak governance--compounded by a higher cost of living and short-term hardships linked to macroeconomic adjustment--are fueling social frustration. Within this environment, policymakers face a difficult balancing act in striving for macroeconomic stability while also working to address development needs and ensure that reforms are socially and politically acceptable. Protecting the most vulnerable from the costs of adjustment and realizing reforms that create sufficient jobs will be critical to mobilize public support.
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.