Imf
The IMF's growth forecast for SA compared to major economies
The updated IMF economic growth forecasts for selected countries, as released on 12 October 2021.
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Burundi says ready to take Covax vaccines
Health Minister Thaddee Ndikumana announced Wednesday that Burundi would accept Covax vaccines offered by the World Bank, but would refuse to sign a waiver he said was demanded by pharmaceutical companies.
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IMF urges top polluters to adopt carbon price floor
The multilateral agency said that carbon pricing was now widely accepted as the most important policy tool to achieve the drastic emissions cuts required to limit global warming to two degrees Celsius by 2050.
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Ramaphosa’s leaked ANC lekgotla address hints loan needed for vaccine rollout
In his leaked address to the African National Congress (ANC) lekgotla being held on Friday, the president said the programme was a public good that was vital to the wellbeing of all South Africans.
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Govt will not accept strings attached to loans from World Bank, says Mboweni
Speaking during a webinar organised by Bloomberg on Tuesday, Finance Minister Tito Mboweni was asked about progress on securing a loan from the World Bank.
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Global economic recovery from COVID-19 'remains difficult' - IMF
The IMF expects global growth to contract by 4.4% this year before rebounding 5.2% in 2021. However, IMF Managing Director Kristalina Georgieva noted third-quarter growth was better than expected in the US, Japan, and European countries.
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IMF warns of lasting economic damage, long climb out of recession
Growth in 2021 is expected to be slightly slower than forecast in June and even weaker in the next few years due to the lasting damage inflicted by COVID-19.
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IMF says central banks must be independent after change of Zambia's governor
Zambian President Edgar Lungu on Saturday dismissed central bank governor Denny Kalyalya and replaced him with former deputy finance minister Christopher Mphanza Mvunga.
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SA's economy to contract 7.2%, even after $4.3 bn loan injection - IMF
The IMF loan is part of $7 billion in planned borrowing from international financial institutions.
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ANALYSIS: The IMF’s $4bn loan for SA: the pros, cons and potential pitfalls
The IMF loan does not impose any conditions over and above what is in South African law on how the funds can be used; it only seems to expect the country to implement policies already announced.
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DA wants Mkhize to name all firms who've received tenders from Health Dept
The SIU is already investigating dozens of companies that were awared tenders irregulary using COVID-19 relief funds.
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SA will be able to honour conditions of R70bn IMF loan - Treasury DG Mogajane
National Treasury on Tuesday said that the multi-billion rand loan from the International Monetary Fund (IMF) had not jeopardised South Africa’s sovereignty.
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SA sovereignty intact, IMF loan will boost COVID-19 response - National Treasury
Director-general Dondo Mogajane reflects on the R70 billion loan granted to the country by the International Monetary Fund.
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IMF approves US$4.3bn financial support to SA to deal with COVID-19 pandemic
The IMF funding is a low interest loan that contributes to government’s fiscal relief package while respecting South Africa’s decisions on how best to provide relief to the economy and those worst affected by the current crisis.
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Seeking foreign funding won't undermine SA's sovereignty - Mboweni
The government is either in talks with or plans to approach the International Monetary Fund, the New Development Bank (Brics bank)) as well as the World Bank for urgent funding.
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ANALYSIS: How a post-COVID-19 revival could kickstart Africa’s free trade area
Africa is more vulnerable to the impact of COVID-19 because it is highly dependent on imports for its medicinal and pharmaceutical products and on commodity exports.
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IMF approved $18bn in 50 requests for emergency pandemic aid - spokesman
The Fund’s staff was considering requests from Sri Lanka, South Africa and Zambia.
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IIF urges SA to seek IMF funding, EFF rejects Mboweni finance suggestion
The Institute of International Finance said that it expected South Africa's economy to contract by 2.5% in 2020 but said that waning demand, travel restrictions and pandemic-related closures could lead to a deeper recession.
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IMF says coronavirus to hit sub-Saharan Africa's growth hard
Top officials in the Fund’s Africa Department said they have received requests for emergency financing from over 20 nations in the region and expect at least 10 more soon.
