Published July 28, 2020
The International Monetary Fund on Monday said it had approved $ 4 . 3 billion in aid to South Africa to help it fight the coronavirus pandemic.
“ The IMF approved $ 4 . 3 billion in emergency financial assistance under the Rapid Financing Instrument (RFI ) to support the authorities ’ efforts in addressing the challenging health situation and severe economic impact of the COVID – 19 shock , ” the Washington – based crisis lender said in a statement .
South Africa is the continent ’ s most – industrialized economy and has the largest number COVID – 19 cases, with more than 445 , 000 detected and 6 , 769 deaths as of Monday , according to the Africa Centres for Disease Control and Prevention .
South African Finance Minister Tito Mboweni in June predicted the economy would shrink 7 . 2 percent in 2020 , its deepest slump in 90 years , and compared the ballooning public debt to a “ hippopotamus… eating our children ’ s inheritance . ”
The South African treasury said the IMF money would go towards stabilizing the debt , creating jobs , helping frontline health workers fighting COVID – 19 and reforming the economy to spur growth .
“ Going forward , our fiscal measures will build on our policy strengths and limit the existing economic vulnerabilities which have been exacerbated by the COVID – 19 pandemic , ” Mboweni said in a statement .
The money from the IMF is the latest disbursement under the RFI , which allows nations to circumvent the lengthy negotiations usually needed to secure a full economic assistance program — time most countries do not have as they struggle to cope with the coronavirus crisis.
IMF deputy managing director Geoffrey Okamoto said “a deep economic recession is unfolding , ” exacerbated by South Africa ’ s slow rates of growth , high unemployment and widening inequality .
The RFI money will help address the country ’ s balance of payment needs “ that emerged as a result of the pandemic and thus contain the economic disruption and its regional spillovers . ”
The money will specifically address “the fiscal pressures posed by the pandemic , limit regional spillovers and catalyze additional financing from other international financial institutions, ” the IMF said .
This design is wicked! You certainly know how to keep
a reader entertained. Between your wit and your videos, I was almost
moved to start my own blog (well, almost…HaHa!) Excellent job.
I really enjoyed what you had to say, and more than that,
how you presented it. Too cool!
My family members always say that I am wasting my time here
at net, however I know I am getting knowledge daily by reading thes good content.
This is my first time pay a visit at here and i am actually impressed to read everthing at
one place.
Do you have a spam issue on this site; I also am a blogger, and
I was wanting to know your situation; many of us have developed some nice methods and
we are looking to exchange techniques with others, please shoot me an e-mail if interested.
Fastidious answer back in return of this query with solid arguments and describing
everything regarding that.
It’s really a great and useful piece of information. I’m glad that you shared this useful info with us.
Please keep us informed like this. Thank you for sharing.
I enjoy what you guys are up too. This sort of clever work and reporting!
Keep up the terrific works guys I’ve incorporated you guys to my
blogroll.
Also visit my page :: All Casino Gambling Tips
Hi colleagues, how is the whole thing, and what you want to
say about this post, in my view its actually amazing
in support of me.
Howdy, I do believe your blog might be having browser compatibility issues.
When I take a look at your blog in Safari, it looks fine however,
when opening in IE, it has some overlapping issues.
I merely wanted to give you a quick heads up!
Besides that, fantastic website!
I visit every day some web pages and sites to read articles, but this weblog provides
feature based content.
Hi my friend! I want to say that this post is amazing, nice written and include almost all significant infos.
I would like to see more posts like this .
When someone writes an paragraph he/she keeps the
image of a user in his/her mind that how a user can understand
it. Therefore that’s why this post is great. Thanks!
I feel this is one of the most important information for me.
And i’m glad studying your article. However should commentary on few common things,
The web site taste is great, the articles is really great : D.
Just right task, cheers
I know this web site gives quality dependent articles or
reviews and extra information, is there any other site which
offers these stuff in quality?
It’s appropriate time to make a few plans for the longer
term and it is time to be happy. I have read this submit and if I may
I want to recommend you some fascinating issues or suggestions.
Perhaps you could write next articles regarding this article.
I want to learn even more issues about it!
Hey There. I found your weblog using msn. This is a really neatly written article.
I will be sure to bookmark it and return to read extra of your useful info.
Thank you for the post. I will certainly return.
Undeniably believe that which you said. Your favorite reason seemed to be on the internet the simplest thing to be aware of.
I say to you, I certainly get annoyed while people consider worries
that they just don’t know about. You managed to hit the nail upon the top as well as defined out
the whole thing without having side-effects , people can take a signal.
Will probably be back to get more. Thanks
I’ve been exploring for a bit for any high-quality articles or weblog posts
on this sort of space . Exploring in Yahoo I
finally stumbled upon this web site. Reading
this information So i am glad to show that I’ve a very excellent uncanny feeling I came upon just what I needed.
I such a lot definitely will make certain to don?t forget this web site and
give it a look on a continuing basis.
I all the time used to study paragraph in news papers but now
as I am a user of net thus from now I am using net for content, thanks to
web.
Asking questions are genuinely nice thing if you are not understanding
something fully, however this piece of writing offers fastidious understanding yet.
This web site definitely has all of the info I needed
concerning this subject and didn’t know who to ask.
I love surfing on your pleasant site
Have you ever considered writing an e-book or guest authoring on other sites?
I have a blog based on the same information you discuss and would really like to have you
share some stories/information. I know my audience would value your work.
If you are even remotely interested, feel free to shoot
me an email.
you’re in reality a good webmaster. The website loading velocity is incredible.
It sort of feels that you are doing any unique trick.
Furthermore, The contents are masterwork. you’ve done
a fantastic activity on this topic!
Hey there! Would you mind if I share your blog with my twitter group?
There’s a lot of folks that I think would really appreciate your content.
Please let me know. Cheers
Hello everyone, it’s my first pay a quick visit at this website,
and article is really fruitful designed for me, keep up posting these content.
Hello, after reading this remarkable post i am too happy
to share my know-how here with friends.
I enjoyed reading a very successful article
I think the admin of this website is truly working
hard for his website, for the reason that here every data is quality based
data.
Excellent post. I was checking continuously this blog
and I’m impressed! Very useful info particularly
the last part 🙂 I care for such information a lot.
I was looking for this certain info for a long time. Thank you and good luck.
Thanks for the marvelous posting! I definitely enjoyed reading it, you could be a great author.I will
be sure to bookmark your blog and may come back down the road.
I want to encourage continue your great job, have a nice
morning!
Hey fantastic blog! Does running a blog like this take
a lot of work? I have absolutely no expertise in computer programming but I was hoping to start my own blog in the near
future. Anyways, if you have any suggestions or techniques for new blog owners please share.
I know this is off topic however I just wanted to ask.
Appreciate it!
Hello to every body, it’s my first go to see of this website; this web site
carries amazing and genuinely fine information for readers.
Generally I don’t learn pos on blogs, however I would
like to say that this write-up verry compelled me to check out andd do it!
Your writing taste has been amazed me. Thank you, quite great article.
web page
I’m really enjoying the design and layout of your site.
It’s a very easy on the eyes which makes it much more enjoyable
for me to come here and visit more often. Did you hire
out a developer to create your theme? Excellent
work!
Wonderful site. Lots of useful info here. I’m
sending it to several pals ans also sharing in delicious.
And naturally, thank you on your effort!
Also visit my web-site … แตด
I like this website because so much useful material on here
:D.
This site was… how do I say it? Relevant!! Finally I’ve found something which helped me.
Thanks a lot!
you are in reality a just right webmaster.
The web site loading velocity is amazing. It sort of feels that you’re doing any unique
trick. Furthermore, The contents are masterpiece.
you have done a fantastic process in this topic!
Hi there, I discovered your website by way of Google at the same time as searching for a similar matter, your web site came up, it appears to be like good.
I’ve bookmarked it in my google bookmarks.
Hi there, simply was alert to your weblog through Google,
and found that it is really informative. I’m going
to be careful for brussels. I will appreciate in the event you proceed this in future.
Many other folks can be benefited out of your writing. Cheers!
Hello There. I found your blog the use of msn. That is a
really well written article. I will make sure to bookmark it and
return to read more of your helpful information. Thanks for the post.
I will certainly comeback.
Excellent blog post. I definitely appreciate this website.
Thanks!
I am not sure where you’re getting your information, but good topic. I needs to spend some time learning more or understanding more. Thanks for wonderful info I was looking for this information for my mission. Darin Rahaim
Вулкан Слотс регулярно проводит турниры с ценными призами, в которых
могут испытать свою удачу все участники игрового клуба.
Aⅼso visit my blog :: https://vulcan24.com.ru/home.htm
I every time emailed this webpage post page to all my associates,
because if like to read it after that my links will too.
always i used to read smaller content that also clear
their motive, and that is also happening with this piece of writing which
I am reading at this place.
Amazing issues here. I’m very happy to peer your post. Thank
you so much and I’m taking a look forward to contact you.
Will you please drop me a mail?
It’s fantastic that you are getting ideas from this piece
of writing as well as from our discussion made
at this time.
I am so grateful for your blog article.Thanks Again. Really Great. Denis Hessel
You made some nice points there. I looked on the internet for the subject matter and found most individuals will agree with your site.
You made some nice points there. I looked on the internet for the subject matter and found most individuals will agree with your site.
Hello! I could have sworn I’ve been to this blog before but after browsing through some of the post I realized it’s new to me. Anyways, I’m definitely happy I found it and I’ll be book-marking and checking back frequently!
You made some nice points there. I looked on the internet for the subject matter and found most individuals will agree with your site.
Hello! I could have sworn I’ve been to this blog before but after browsing through some of the post I realized it’s new to me. Anyways, I’m definitely happy I found it and I’ll be book-marking and checking back frequently!
You made some nice points there. I looked on the internet for the subject matter and found most individuals will agree with your site.