IMF Staff Country Reports

South Africa: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for South Africa

January 30, 2025

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Format: Chicago

International Monetary Fund. African Dept. "South Africa: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for South Africa", IMF Staff Country Reports 2025, 028 (2025), accessed June 20, 2025, https://doi.org/10.5089/9798229000048.002

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Summary

A new Government of National Unity (GNU) has been in place since June 2024, which the markets have welcomed. The GNU faces difficult challenges: declining GDP per capita, high unemployment, poverty and inequality, and rising public debt and debt service, which crowd out other urgent spending needs. Its fresh mandate represents an opportunity to pursue ambitious reforms to safeguard macroeconomic stability and address these challenges, placing the economy on a path toward higher, more inclusive, and greener growth.

Subject: Currency markets, Exchange rate arrangements, Financial markets, Financial sector policy and analysis, Financial sector stability, Foreign exchange, Government debt management, Inflation, Prices, Public debt, Public financial management (PFM), Revenue administration

Keywords: Africa, Currency markets, Debt management strategy, Exchange rate arrangements, Financial sector stability, Global, Government debt management, Headline inflation, Implementation framework, Inflation, Policy credibility, Policy recommendation, Private sector, Short-term debt, Support policy credibility

Publication Details

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