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South Africa Eligible For $4.2 Billion In Emergency IMF Funds

  • Senior ruling-party officials shoot down idea of IMF help
  • February budget has been overtaken by events, Mlachila says
Pedestrians walk by shuttered stores in the the Central Business District of Johannesburg, South Africa on April 6.
Pedestrians walk by shuttered stores in the the Central Business District of Johannesburg, South Africa on April 6.Photographer: Waldo Swiegers/Bloomberg
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South Africa is entitled to as much as $4.2 billion in emergency funding from the International Monetary Fund should it request financial support to fight the coronavirus.