The International Monetary Fund urged SA to pursue an “ambitious” fiscal consolidation to cut debt, as it warned that the economy remains vulnerable with key metrics having deteriorated despite a bigger-than-forecast rebound in 2021.
Coming a day after President Cyril Ramaphosa announced a one-year extension of the special Covid-19 social relief grant for the unemployed at an estimated cost of R50bn, the Washington-based lender, which completed a so-called Article IV consultation with SA in December, said in a statement on Friday that the country also needed to ensure protection for “the most vulnerable”. ..
They can always say they don't want interest on the loans we have with them 🤔
Not their style.... Borrow as much as you can, and then lobby to have it written off....
Didn't they just give us a loan to get into debt?
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SA economic recovery deemed fragile by IMFSA's economic recovery remains fragile and growth is expected to hold below 2% in the medium term because of policy uncertainty, high public debt and constraints to investment, the International Monetary Fund (IMF) said on Friday. We are gullible how do we take their word serious
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IMF calls for SA to cut debt amid ‘fragile’ economic recoveryThe fund says SA’s key metrics have deteriorated despite a bigger-than-forecast rebound in 2020
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SA economic recovery deemed fragile by IMFSA's economic recovery remains fragile and growth is expected to hold below 2% in the medium term because of policy uncertainty, high public debt and constraints to investment, the International Monetary Fund (IMF) said on Friday.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
IMF calls for SA to cut debt amid ‘fragile’ economic recoveryThe fund says SA’s key metrics have deteriorated despite a bigger-than-forecast rebound in 2020 ANC ✊🏿💩 The gross inefficiency of government cause us citizens to pay dearly to get by. Unemployment, FDI, safty, education, medical, trains, electricity, water………… municipal services………
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