South Africa : Request for Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for South Africa

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

July 28, 2020

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The COVID-19 outbreak is leading to a sharp economic contraction and creating significant financing needs in South Africa. The IMF approved US$4.3 billion in emergency financial assistance under the Rapid Financing Instrument (RFI) to support the authorities’ efforts in addressing the challenging health situation and severe economic impact of the COVID-19 shock. Once the pandemic is behind, there is a pressing need to ensure public debt sustainability and implement structural reforms to support the recovery and achieve sustainable and inclusive growth.

Series:

Country Report No. 2020/226

Subject:

Frequency:

regular

English

Publication Date:

July 28, 2020

ISBN/ISSN:

9781513551722/1934-7685

Stock No:

1ZAFEA2020003

Format:

Paper

Pages:

52

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