South Africa Looks Toward Inclusive Recovery to Stabilize Debt, Boost Growth – International Monetary Fund

Job seekers stand outside a construction site near Johannesburg. South Africas unemployment rate hit a record high even before the pandemic hit. (photo: Siphiwe Sibeko/REUTERS/Newcom)

South Africa Looks Toward Inclusive Recovery to Stabilize Debt, Boost Growth

August 3, 2020

In a conversation with IMF Country Focus, the Director-General of South Africas National Treasury Dondo Mogajane explains how the government has responded to the COVID-19 crisis, how IMF financing will help to stabilize the economy, and strategies for addressing debt and spurring growth.

South Africas economic activity is projected to contract by 8 percent in 2020, according to the IMFs June update to the Regional Economic Outlook for sub-Saharan Africa.