‘Time to breathe’ earlier than SA repays IMF mortgage | Citypress

‘Time to breathe’ earlier than SA repays IMF mortgage | Citypress

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BUSINESS

The stress of a structural adjustment programme hooked up to the loans from the World Monetary Fund (IMF) would be done with out by the utilization of the respiratory condo such low-ticket loans afford to undertake the obligatory reforms for financial improve and tighter government spending, Treasury has said.

Final month, the IMF licensed a $4.3 billion (R70 billion) mortgage to assist South Africa combat the Covid-19 coronavirus pandemic.

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