Is SA surrendering its sovereignty to the IMF?
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South African government has asked the International Monetary Fund (IMF) for $4.2 billion. The money would come from a facility that provided financing to countries facing an urgent balance of payments need without the need to have a full-fledged program in place.
According to the IMF this means that the recipient can spend money freely but should keep receipts.
So is the country surrendering its sovereignty to the IMF?
On line is SARCHI Professor of International Development Law and African Economic Relations at University of Pretoria, Professor Danny Bradlow.
According to the IMF this means that the recipient can spend money freely but should keep receipts.
So is the country surrendering its sovereignty to the IMF?
On line is SARCHI Professor of International Development Law and African Economic Relations at University of Pretoria, Professor Danny Bradlow.
