The International Monetary Fund said on Monday its executive board approved $4.3 billion in emergency financing for South Africa to help the country address the “severe economic impact” and health challenges of the coronavirus pandemic. The IMF said the Rapid Financing Instrument (RFI) loan, equal to 100% of South Africa’s IMF quota, or shareholding, will…
IMF board approves US$4,3 bln loan to help South Africa to fight pandemic

The IMF mission welcomed improvement in monetary policy discipline and recommended further refinements to the policy framework.