Economics
South Africa Will Approach IMF for Health Funds If Needed
Residents of a Hillbrow building observe from the balconies in Johannesburg on March 28.
Photographer: Marco Longari/AFP via Getty Images
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South Africa will approach multilateral lenders such as the International Monetary Fund and World Bank for assistance in fighting the coronavirus pandemic only if the country runs out of money for health interventions, Finance Minister Tito Mboweni said.
“As of today I do not see the need for World Bank or IMF funds, but I am keeping them in my back pocket,” Mboweni said on a call with reporters Sunday evening.