Report on South Africa's relationship with the International Monetary Fund, in the context of the international sanctions campaign, South Africa's large military spending, and its growing insecurity about foreign private bank creditors. The document explains South Africa's February 1982 drawing of $122 million from its reserve position in the IMF and its declaration that it would borrow an additional $132 million through the Special Drawing Rights (SDR) account. It recounts CIP's testimony in 1978 and 1981 before committees of the United Nations about IMF policy on South Africa and the vote by the UN General Assembly in November 1981 to ask the board of governors of the IMF to reconsider its...
Report on South Africa's relationship with the International Monetary Fund, in the context of the international sanctions campaign, South Africa's large military spending, and its growing insecurity about foreign private bank creditors. The document explains South Africa's February 1982 drawing of $122 million from its reserve position in the IMF and its declaration that it would borrow an additional $132 million through the Special Drawing Rights (SDR) account. It recounts CIP's testimony in 1978 and 1981 before committees of the United Nations about IMF policy on South Africa and the vote by the UN General Assembly in November 1981 to ask the board of governors of the IMF to reconsider its relationship with South Africa.
