The IMF’s $4bn loan for South Africa: the pros, cons and potential pitfalls
By: Danny Bradlow, University of Pretoria South Africa’s finance minister Tito Mboweni says the IMF loan will limit the country’s economic vulnerabilities which have been exacerbated by COVID-19. Gallo Images/Brenton Geach The International Monetary Fund (IMF) has approved a R70 billion (US$4.3 billion) loan for South Africa to help the country manage the immediate consequences of the fallout from COVID-19. The Conversation Africa’s editor, Caroline Southey, asked Danny Bradlow […]