Economics

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.Photographer: Waldo Swiegers/Bloomberg

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By Prinesha Naidoo

April 21, 2020 at 2:05 PM UTC

Updated on

April 21, 2020 at 4:05 PM UTC

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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.