JOHANNESBURG (Reuters) – South Africa’s Finance Minister Tito Mboweni said on Friday there was more than $4 billion available from the International Monetary Fund and World Bank to help South Africa fight the COVID-19 crisis.
“We too are entitled to approach the IMF and World Bank for funding. The IMF has indicated themselves that South Africa is entitled to apply for up to $4.2 billion in response to this crisis,” Mboweni said.
“At the World Bank it seems for now we could negotiate for a facility of maybe between $55 and $60 million, very small, but we will negotiate as much as we can.”
(Reporting by Alexander Winning and Olivia Kumwenda-Mtambo; Editing by Jon Boyle)
