Economics
South Africa Must Offset Relief, Hasten Reforms, IMF Says
- Fiscal framework deviations may put debt on ‘explosive path’
- Country may receive up to $4.3 billion in new IMF reserves
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South Africa should aim to re-prioritize its budget to offset the cost of relief measures for businesses and individuals affected by deadly riots and accelerate reforms to foster inclusive economic growth, according to the International Monetary Fund’s resident representative for the country.