The Treasury has again rejected suggestions that it intends making amendments to Regulation 28, that will allow it to use pension funds to fund government programmes.
Sudan began talks this week with the International Monetary Fund (IMF) on a non-funded programme that could pave the way for international financial support, Finance Minister Ibrahim Elbadawi said.
The International Monetary Fund on Wednesday said its executive board has approved $739 million in emergency financing to help Kenya respond to the economic shock caused by the novel coronavirus pandemic.
The battle over where to source funds for South Africa’s economic stimulus package is raging at Luthuli House.
Finance Minister Tito Mboweni says COVID-19 expenditure has changed the fiscal framework and he will soon be tabling a new Budget Bill before Parliament. Mboweni says government will also postpone some of its programmes so that it can reallocate R130 billion in expenditure.
US President Donald Trump’s move to halt funding to the World Health Organization over its handling of the coronavirus pandemic prompted condemnation on Wednesday from world leaders who appealed for cooperation and unity.
Alliance partners, the ANC and the SACP, have welcomed Finance Minister Tito Mboweni’s latest statement that South Africa would not consider international funding which would be accompanied by a structural adjustment programme.
South Africa has not approached the International Monetary Fund (IMF) for emergency financing to help it fight the COVID-19 pandemic that threatens to push the economy deeper into recession, an IMF official said on Tuesday.
South Africa is not looking for COVID-19 funding packages from the International Monetary Fund (IMF) that are accompanied by a structural adjustment programme, Finance Minister Tito Mboweni said on Tuesday.
Nigeria has requested a total of $6.9 billion from the International Monetary Fund (IMF), World Bank and African Development Bank (AfDB) to combat the impact of the novel coronavirus pandemic, the finance minister said on Monday.