South Africa joins 71 other nations taking IMF COVID related financing aid
The International Monetary Fund confirmed on Thursday that South Africa has requested emergency financing assistance and its executive board will consider the request on Monday.
This would bring to 72 the number of countries receiving IMF aid to deal with the coronavirus pandemic according to Reuters.
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“They’ve requested this assistance to help them address urgent balance of payments needs arising from this external shock that the pandemic has given to so many countries,” IMF spokesman Gerry Rice told a regular news briefing.
“As always, our board will make the decision on the approval and on the amount.”
