The report says that, in November 1982, the International Monetary Fund approved a $1.1 billion loan to South Africa, of which $812 million was disbursed. On June 20, 1983, at the urging of the United States and the IMF, South Africa promised to repay the loan early because of its improved balance of payments. Now, two and a half years later, South Africa as repaid only six percent of the loan. The report mentions Rep. Julian Dixon (Democrat of California), chairman of the Congressional Black Caucus; Congressman Parren Mitchell; President Reagan; and D. T. Brand. • TABLE 1 SOUTH AFRICA: TRANSACTIONS WITH THE IMF, 1982-85 (SUMMARY) • TABLE 2 SOUTH AFRICA: TRANSACTIONS WITH THE IMF,...
The report says that, in November 1982, the International Monetary Fund approved a $1.1 billion loan to South Africa, of which $812 million was disbursed. On June 20, 1983, at the urging of the United States and the IMF, South Africa promised to repay the loan early because of its improved balance of payments. Now, two and a half years later, South Africa as repaid only six percent of the loan. The report mentions Rep. Julian Dixon (Democrat of California), chairman of the Congressional Black Caucus; Congressman Parren Mitchell; President Reagan; and D. T. Brand. • TABLE 1 SOUTH AFRICA: TRANSACTIONS WITH THE IMF, 1982-85 (SUMMARY) • TABLE 2 SOUTH AFRICA: TRANSACTIONS WITH THE IMF, 1982-85
