The International Monetary Fund downgraded its economic growth forecasts for South Africa.
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South Africa could dramatically boost economic growth if the country fixed problems at Eskom and Transnet, the IMF said.
The platform for central bank digital currencies will enable transactions between countries, the IMF said.
The International Monetary Fund has cautioned Zimbabwe against adopting a gold-backed digital currency.
The Central African Republic’s adoption of bitcoin has puzzled the cryptocurrency world and prompted caution from the International Monetary Fund.
Government is considering taking over part or all of Eskom’s R392-billion in debt, the International Monetary Fund has disclosed.
The International Monetary Fund approved R71-billion in emergency funding for South Africa, the largest emergency disbursement for any country yet to assist with fighting the coronavirus pandemic.
South Africa plans to announce a R350-billion infrastructure programme after talks with the private sector and multilateral lenders, said Paul Mashatile, the treasurer-general of the ANC.
South Africa is entitled to as much as R80-billion in emergency funding from the International Monetary Fund should it request financial support to fight the coronavirus, and it could do so with few strings attached.
South Africa may approach the International Monetary Fund for the first time ever to help with funding to deal with the fallout from the coronavirus outbreak, the Sunday Times reported, citing finance minister Tito Mboweni.