IMF nations approve record $650bn to aid virus fight

Mining News Pro - The International Monetary Fund (IMF) approved the biggest resource injection in its history, with $650-billion meant to help nations deal with mounting debt and the fallout from the Covid-19 pandemic.

South Africa entitled to $4.2bn in IMF support to tackle Covid-19

Mining News Pro - Finance Minister Tito Mboweni confirmed on Friday that a revised Budget Bill would be tabled in Parliament shortly to address changes to the fiscal framework that had arisen as a result of government’s response to the Covid-19 pandemic, including the R500-billion economic and social relief package unveiled by President Cyril Ramaphosa on April 21.

The Challenges of Emerging Economies at the IMF Summit

Mining News Pro - The International Monetary Fund (IMF) announced that it will hold its annual summit on the current challenges of emerging economies, such as the collapse of national currencies, in Bali, Indonesia to support its victims.

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