Treasury welcomes IMF policy recommendations

National Treasury has welcomed and noted the key risks identified and proposed policy recommendations by the International Monetary Fund (IMF) during a recent visit to the country.

The IMF visited South Africa from May 27 – 31 2019 and met with government, the South African Reserve Bank, state-owned enterprises (SOEs), business and academia to discuss economic developments in the country.

According to the Government News Agency, officials from the IMF travel to South Africa twice a year as part of their surveillance function.

However, it should be noted that the visit does not result in a board discussion or publishing of a report on South Africa’s economy.