The IMF’s executive board will meet to approve the agreement for the 39-month loan, “subject to the timely implementation of prior actions and confirmation of international partners’ financial commitments,” IMF’s mission chief Ernesto Ramirez Rigo said in a statement.
his economic team, including the installation of Reza Baqir, who previously served in senior positions at the IMF, as the central bank governor.“Decisive policies and reforms, together with significant external financing are necessary to reduce vulnerabilities faster, increase confidence, and put the economy back on a sustainable growth path,” he said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BUSINESS MAVERICK : The economic cost of tax, our low savings rate and red tapeFor years, policymakers have worried that our savings rate is too low. International comparisons often show that South Africa has one of the lowest savings rates in the world. These numbers generate widespread anxiety, and for good reason. Savings are the key to capital formation, and every economic theory — even Marxism — teaches that capital formation is necessary to raise wages and stimulate long-term economic growth. Why have our tax policies become opposed to it?
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: Five post-election economic milestones to watchUnless the government adopts market-friendly economic policies that stimulate growth and job creation, the 2024 national election is likely to be a fraught affair. What are the five milestones that investors will take comfort from after the 2019 election? Insightful article. 👌
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Barrick CEO Expects to Raise $1.5 Billion Through Asset SalesBarrick Gold Corp., which completed its acquisition of Randgold Resources Ltd. at the beginning of the year, has identified $1.5 billion in assets the miner intends to sell, Chief Executive Officer Mark Bristow said.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Chinese Stocks See Muted Gains After Monday’s $487 Billion RoutThere was no rush to buy the dip in Chinese stocks after their biggest rout in more than three years.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Trump Had Losses of $1.17 Billion Over a Decade: NYTPresident Donald Trump, who won the presidency in part on his image as a successful business mogul, lost $1.17 billion over 10 years on failed business deals, according to tax records obtained by the New York Times.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Wednesday May 8: Five Things You Need to Know to Start Your DayU.S. stocks plunged on President Trump’s tariff threats, and Asian equities are poised to follow. Christine Lagarde finds Trump’s presidential tweets “unfavorable.” And it’s shaping up to be a record year for bond defaults in China. Here are some of the things people in markets are talking about today.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Property Slowdown Beckons as Next Risk for Emerging MarketsAs growth worries and trade war jitters threaten to spoil any rebound for emerging markets in 2019, property markets are shaping up as a critical element to monitor for further signs of gloom.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Scandal-hit Steinhoff posts $4 bln operating loss for fiscal 2017Steinhoff has reported an operating loss at 3.7-billion euros vs restated profit 278-million euros, blaming writedowns for the loss. The assets are valued at 17.5-billion vs 32.2-billion in 2016 but says its on track to release 2018 results in June
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: Massmart: What Hayward’s resignation really saysWithout economic growth, South Africa’s retail sector will continue to tread water while cutting space and shedding jobs. Judge him, but there’s no denying that Massmart’s CEO held the reins at a very difficult time.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: South African Assets Signal Rising Anxiety as Election NearsSouth African assets are signaling increasing investor anxiety about Wednesday’s election, with the fate of the rand and government bonds tied to the extent of the ruling African National Congress’ expected majority and what that implies for policy.
Source: dailymaverick - 🏆 3. / 84 Read more »