Economics
IMF Says South Africa Loan Talks Occurring at Measured Pace
- Key benefit of IMF loan is low interest rates, Selassie says
- South Africa to borrow $7 billion from international lenders
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The International Monetary Fund’s discussions with South Africa over a $4.2 billion loan to support its fight against the coronavirus pandemic are taking place at a “measured pace” because the country’s deep and liquid capital markets ensure it still has access to financing, according to the director of the Washington-based lender’s Africa department.