We use cookies to improve your experience. By your continued use of this site you accept such use.
International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board Concludes 2023 Article IV Consultation with South Africa

South Africa’s economy is facing mounting economic and social challenges

On May 22, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with South Africa. South Africa’s economy is facing mounting economic and social challenges. Growth moderated from 4.9 percent in 2021 to 2.0 percent in 2022 as the country was buffeted by Russia’s war in…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

South Africa: Staff Concluding Statement of the 2023 Article IV Mission

More reforms are needed to address South Africa’s long-standing structural impediments to growth

An International Monetary Fund (IMF) team led by Papa N’Diaye visited South Africa on March 1-17 to hold meetings with the economic authorities and other counterparts from the public and private sectors for the 2023 Article IV annual consultation. Discussions focused on policies to ensure macro-financial stability and the far-reaching…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

IMF Staff Completes Staff Visit to South Africa

South Africa needs to urgently remove obstacles to private investment and encourage competition to reignite economic growth in the medium term

The economy’s recovery from the pandemic should continue this year as lagging sectors (tourism, hospitality, and construction) gradually catch up. Mitigating the impact from COVID-19 and recent floods and preserving well-targeted social outlays are key priorities; South Africa needs to urgently remove obstacles to private investment and encourage competition to…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

Coronavirus - South Africa: IMF Executive Board Approves US$4.3 Billion in Emergency Support to South Africa to Address the COVID-19 Pandemic

The IMF approved US$4.3 billion in emergency financial assistance under the Rapid Financing Instrument to support the authorities’ efforts in addressing the challenging health situation and severe economic impact of the COVID-19 shock

The COVID-19 outbreak is leading to a sharp economic contraction and significant financing needs in South Africa; The IMF approved US$4.3 billion in emergency financial assistance under the Rapid Financing Instrument to support the authorities’ efforts in addressing the challenging health situation and severe economic impact of the COVID-19 shock;…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Completes 2020 Article IV Visit to the Kingdom of Lesotho

An International Monetary Fund (IMF) staff team, led by Joseph Thornton, visited Maseru from January 29 – February 11, 2020

In a context of policy uncertainty, the weak regional environment has depressed growth below the levels needed to reduce poverty and unemployment; High government spending should be refocused on areas that can have the biggest impact on delivering vital services, protecting the vulnerable, and supporting private sector growth; Reforms should…