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

Author: International Monetary Fund. African Dept.

Volume/Issue: Volume 2025 Issue 028

Publication date: January 2025

ISBN: 9798229000048

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Topics covered in this book

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Finance , Inflation , Economics- Macroeconomics , Public Finance , support policy credibility , headline inflation , debt management strategy , Policy recommendation , implementation framework , Policy credibility , Government debt management , Exchange rate arrangements , Currency markets , Africa , Global , private sector , short-term debt , Financial sector stability , Inflation

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Republic of Congo : 2001 Article IV

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.