IMF Executive Board Approves US$4.3 Billion in Emergency Support to South Africa to Address COVID-19

“The Executive Board of the International Monetary Fund today approved South Africa’s request for emergency financial assistance of SDR 3,051.2 million (US$ 4,286.5 million or 100 percent of quota) under the Rapid Financing Instrument to meet the urgent balance of payment needs stemming from the outbreak of the COVID-19 pandemic.”

via IMF