The Institute of Race Relations has welcomed an unambiguous message by the International Monetary Fund in favour of “growth-enhancing structural reforms” in SA.The think-tank said the IMF made clear in its statement on Monday what it expected of the South African government.
The IRR said these key points echoed the thrust of the think-tank's communications over the past two months to alert prominent IMF donor nations to their critical role in efforts to overcome fundamental weaknesses in the SA economy. It said this was diametrically opposite to the implementation of growth-enhancing structural reforms the IMF was calling for.
The IMF said in its statement on Monday evening that SA authorities had committed to manage its emergency financial assistance with full transparency and accountability.
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