This report documents the decision-making by the International Monetary Fund regarding the $1.1 billion loan to South Africa in November 1982. The arguments against the loans are reported, along with a chart enumerating directors who spoke for and against the loan and those who withheld their support. It also reports on the June 20, 1983 meeting of the IMF directors, which received an IMF staff report of May 19 that was critical of apartheid on economic grounds. All directors representing black African nations opposed lending to South Africa at the June meeting.
