South Africa has no fiscal space left and must implement strong budget consolidation and state-owned company reforms to ensure its debt sustainability, the International Monetary Fund said.
Browsing: IMF
The threat of an International Monetary Fund bailout, unthinkable a few years ago, may force South Africa’s government to push through the reforms it needs to rescue the economy.
Regulators will need to “step up” to contain any dangers emanating from Facebook’s planned libra token, but shouldn’t attempt to crush the initiative, according to International Monetary Fund acting MD David Lipton.
The global smartphone boom that’s helped propel Asia’s economic growth and reshape trade channels in recent years may have peaked. That’s one of the observations tucked into the International Monetary
Mining cryptocurrencies is far too energy intensive and is consuming as much electricity as a G-20 economy, International Monetary Fund MD Christine Lagarde said. “The bitcoin mining, which is this accelerated and augmented
The currency that was forecast to perform the worst in emerging markets this year is also the one benefiting most from the clamour to boost returns in the wake of the UK’s Brexit vote. The rand has strengthened
South Africa’s economy needs to start expanding, and by a much higher rate, if it hopes to make any dent in poverty, says local economist Dawie Roodt. Projections for South Africa’s economy have gone from bad to worse with the South
South Africa has been known as the continent’s second-largest economy since Nigeria re-based its GDP data in early 2014. However, the IMF World Economic Outlook released in mid-April provided more sobering GDP statistics for South Africa