How the IMF Slipped $464 Million to South Africa

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Creator

Center for International Policy; David Gisselquist; James Morrell

Place Created

Washington, DC, United States

Date

January 1978

Type of Item

Report

Length/duration

8 pages

Description

This report says that, despite reservations expressed by delegates of 22 African and European countries, the International Monetary Fund in 1976 granted South Africa a record-high aid package of $366 million which by December 1977 had increased to $464 million. This financing was more than that received by all other countries in Africa during the same two years. Contents: The background: defense expenditures • January 1976 request for stand-by arrangement • Figure I From Defense Expenditures and Arms Imports to IMF Aid • November 1976 request for loans from compensatory financing facility • Table I Military Expenditures • Wittenveen facility • Figure II Budget Deficit • Excerpt...

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Publisher

Center for International Policy

Organization

Center for International Policy

Coverage Africa

South Africa
Africa

Language

English

Digital Format

text/pdf

Rights Management

Used by permission of the Center for International Policy.

Collection

Dean McHenry Jr., Southern Africa Collection