South Africa may approach IMF over coronavirus impact

Sat, 30 May 2020

South Africa may approach IMF over coronavirus impact

News24
29 Mar 2020, 20:13 GMT+10

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.

While the minister isn't currently considering an emergency budget, he also advocates asking the World Bank and the New Development Bank for assistance, the newspaper said.

READ | Daniel Silke | A black swan and a downgrade will test SA

"In a conversation with the Reserve Bank and the Treasury I indicated that we should proceed and speak to the IMF and the World Bank about any facility that we can access for health purposes," he said, according to the newspaper. "We take no ideological position."

Daniel Silke | A black swan and a downgrade will test SADaniel Silke | A black swan and a downgrade will test SADaniel Silke | A black swan and a downgrade will test SADaniel Silke | A black swan and a downgrade will test SADaniel Silke | A black swan and a downgrade will test SA"In a conversation with the Reserve Bank and the Treasury I indicated that we should proceed and speak to the IMF and the World Bank about any facility that we can access for health purposes," he said, according to the newspaper. "We take no ideological po

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Detroit Star.

More Information

61 ℉

Fair in Windsor

International

Section

Man who knelt on neck of handcuffed African American man charged

MINNEAPOLIS, Minnesota - A white police officer in the U.S. city of Minneapolis seen kneeling on the neck of a ...

Africa, then Asia to be invaded by locusts, says United Nations

NAIROBI, Kenya, May 29 (Xinhua) -- The Horn of Africa region will experience another swarm of locust invasion in June ...

Russia's most prominent conman left wave of death and deception

This is the story of how the mastermind behind MMM, Russia's biggest financial pyramid scheme, managed to get elected to ...

Chinese government rejects White House report on China's intentions

BEIJING, China May 29 (Xinhua) - A spokesperson for China's Ministry of National Defense on Friday criticized a report recently ...

U.S. sanctioning two Iranian nuclear scientists futile, says Iran

TEHRAN (Tasnim) - The Atomic Energy Organization of Iran (AEOI) dismissed as "a futile attempt" the U.S.' new decision to ...

News Corp shuts down 112 historic Australian newspapers

SYDNEY, NSW, Australia - The largest publisher of newspapers in Australia, Rupert Murdoch's News Corp has closed 112 suburban and ...

Michigan

Section

U.S. ail-in ballot timelines proving impractical

In Pennsylvania, a presidential swing state that will hold primary elections this coming Tuesday (June 2), some election officials and ...

Man who knelt on neck of handcuffed African American man charged

MINNEAPOLIS, Minnesota - A white police officer in the U.S. city of Minneapolis seen kneeling on the neck of a ...

2,123,000 more Americans claim unemployment benefits

WASHINGTON, May 28 (Xinhua) - The number of initial jobless claims in the United States totaled 2.1 million last week ...

Protests Around the Country Following MinneapolisDeath

The killing of George Floyd, a Minneapolis black man who died after being pinned by the neck by a white ...

Jazz end Blazer5's unbeaten NBA 2K League start

Kimanni "Splashy" Ingram averaged 27 points as Jazz Gaming swept previously unbeaten Blazer5 Gaming on Friday in NBA 2K League ...

MLB finalizes five-round draft starting June 10

Major League Baseball finalized plans for a five-round draft starting June 10. The first night of the draft will encompass ...

Movie Review

Jojo Rabbit