The International Monetary Fund (IMF) has assured interim DA leader John Steenhuisen that the SA government has committed to transparency in the use of the $4.3bn (R70bn) which the multilateral institution has loaned to it.
The lender has told party leader John Steenhuisen that ‘it is important to ensure that these funds are used in an inclusive way’IMF MD Kristalina Georgieva speaks at the Global Women’s Forum in Dubai on February 16 2020. Picture: KARIM SAHIB/AFP
The letter from IMF MD Kristalina Georgieva to Steenhuisen, dated Friday, was considered by the IMF’s executive board on Monday when it also decided to approve SA’s request for the loan under the rapid financing instrument. “In this time of crisis in SA and elsewhere, it is more important than ever to ensure that these funds are used in an inclusive way to protect people’s lives and livelihoods and, in particular, those of the most affected and least prepared to weather the crisis.
The IMF said that in the case of SA, “the government announces spending details in the context of its budget reviews, and reports procurement on its dedicated publication portal”.
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