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    ‘Time to breathe’ before SA repays IMF loan

    Aug 16, 2020 2 minutes
    SETUMO STONE setumo.stone@citypress.co.za

    The pressure of a structural adjustment programme attached to the loans from the International Monetary Fund (IMF) would be avoided by using the breathing space such low-cost loans afford to undertake the necessary reforms for economic growth and tighter government spending, Treasury has said.

    Last month, the IMF approved a $4.3 billion (R70 billion) loan to help South Africa fight the Covid-19 coronavirus pandemic.

    Critics have

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