“The ship is sinking while millions of people including us in it . We have more than 50 political parties in South Africa how come they allowed it right under their watch . who's fooling who. Another 65 billion rands injected into South Africa by IMF. On top of the interest of 500 billion rands .
The International Monetary Fund (IMF) has upwardly reconsidered South Africa's development viewpoint from 4% to 5%. The multilateral foundation on Tuesday delivered its World Economic Outlook report for October 2021. Financial advisor and head of the exploration at the IMF, Gita Gopinath, noticed that worldwide recuperation is proceeding yet its force has debilitated - to a great extent because of the pandemic and the ascent of the Delta variation, which is deferring the re-visitation of predictability.
Since ED came into office he has been on a borrowing spree, all these major infrastructure projects he has embarked on are done through loans, government debt is piling up to dangerous levels and its very scary cdes. The objective behind these projects is to out money in their pockets through tenders and commission
Africa Is The World's Poorest Continent In The World, Although It Has More Resources Than The Rest Of The World. The Economies Are Unstable And Poverty Is Severe , Although Some African Countries Have The Fastest Growing Economies In The World . The African Economy Is Expected To Reach A GDP Of $29 Trillion By 2050 Due The Large Contributions Of Agriculture , Trade , And Natural Resources .
https://ewn.co.za/2021/10/21/imf-sees-africa-lagging-in-rebound-from-pandemic-blow?utm_source=dlvr.it&utm_medium=twitter International Monetary Fund on Thursday gauge that Africa's financial bounce back from pandemic-incited shrinkage would be more fragile than in the remainder of the world in 2021 and 2022. Low paces of immunization against COVID-19 across the landmass top the rundown of explanations behind the more slow recuperation, the Washington-based establishment said in a half-yearly report on the locale.
There is no angel or prince in South Africa, who can save us from the pit of misery and suffering without having to struggle to get out of this chaos. The only way out of this predicament is to deprive the ANC of the vote we were giving, and then to give the other party a chance to prove itself.
Africa has become the fastest urbanization region, with rural migrats moving into cities at a rate which has even surpassed China and India. The transition presents us with challenges however there are also big records for countries that are willing to risk billions in an infrastructure. It is estimated by 2050 that Africa's population will have doubled and most of its growth is said to be happening in urban cities.
International Monetary Fund(IMF) has announced today that IMF member countries are receiving their shares of new special Drawing Rights(SDRs), of about US$650 billion, approximately today. South Africa is set to receive its share as well approximately US$65 billion in emergency financial assistance to aid in addressing the challenging health situation and the negative economic impact of the COVID-19 shock.
South Africa is very lucky as it has currently received R 65 billion from the International Monetary fund ( IMF for short) . This huge amount is expected to serve as an emergency fund for South Africa, to deal with the damage caused by the Covid-19 pandemic on the country's economy.
The International Monetary fund said that the new government in Afghanistan is cut off from using fund reserve assets days before the nation was set to receive almost $500million which is depriving Taliban of key resources. They have been in line to automatically receive the new reserves, which is known as special drawing rights or SDRs.This was approved by IMF on Monday as part of the plan to release $650billion of liquidity into the affected global economy.
To blow a gasket and throw a tantrum because ED and not Saint Nero was mentioned on Roki's song? How petty and childish, honestly, could they get !! Getting mad over Mai Titi and Madam Bosses getting cars from Passion Java. Getting mad at newspapers that write reports on Mwonzora.
The zim dollar which was abandoned in 2009 after it reached inflation rates of up to 500billion percent. The southern African country had used foreign currencies over the years to try and supplement its cash shortages. The economy came to a complete halt after a botched attempt at land reform that began in the year 2000 failed.
The looting and violence, together with the chaotic Covid-19 vaccination program and recovery over the past 18 months, can be described as sub-optimal, with many cases of poor public procurement management and a lack of an effectively integrated government. The result is deep socio-political, economic disparity and malaise.
SA Government Receives R65 Billion From IMF| Will They Eat The Money Or Create More Jobs For People?
The government's finances will be bolstered further with an R65 billion ($4.16 billion) infusion when the Special Drawing Rights (SDRs) of the International Monetary Fund (IMF) come into effect today. The IMF board of governors approved a general issuance of SDRs equivalent to $650 billion earlier this month, the largest IMF emergency currency creation in history, to combat the worldwide pandemic of Covid19.
KINSHASA - DR Congo President Felix Tshisekedi has reshuffled initiative at the country's national bank, designating its first female lead representative and naming seven individuals from the board, the specialists declared on Tuesday. Marie Malangu Kabedi Mbuyi, 63, a veteran authority with the International Monetary Fund (IMF), replaces Deogratias Mutombo, who was named in 2013 by Tshisekedi's archetype, Joseph Kabila.
Here is an IMF analysis of our economic response to Covid 19 compared with other G20 countries. We are at the bottom. Just above us are India and Mexico which are led by nutters. Most disappointing is Mexico whose president is supposedly a socialist but has failed to provide stimulus or action against soaring levels of femicide in his country.
South Africa's fiscus has received an R65 billion injection from the International Monetary Fund. This will give the administration a much-needed financial boost as it fights COVID-19 and the repercussions of the violent riots. South Africa will benefit from the International Monetary Fund's Special Drawing Rights, which went into force on Monday.
Global economies are being impacted by factors such as rising food costs and unequal vaccination availability, according to IMF Managing Director Kristalina Georgieva. The global economic recovery from the COVID-19 crisis will slow this year as countries grapple with rising prices, large debt loads, and uneven recoveries in which poor countries lag behind wealthy nations, according to the IMF's chief economist.
JUBA, SOUTH SUDAN - The IMF has credited $334 million (284 million euros) to South Sudan, the country's national bank lead representative said Tuesday, as its debilitated economy wavers from a money emergency and taking off swelling. It is the third time in a year the Washington DC-based moneylender has stretched out monetary guide to the grieved country, which ran out of unfamiliar trade holds last year when oil costs fell pointedly.
The International Monetary Fund (IMF) has lent Tanzania the greater part a billion dollars in crisis financing as the Covid pandemic hauls on its economy and basic the travel industry area. The Washington DC-based bank endorsed $567 million (479 million euros) in COVID support for Tanzania, which as of not long ago was an exception in the worldwide battle against the Covid and excused the gravity of the sickness.