South Africa’s US$ 2 billion commitment to the International Monetary Fund (IMF) emergency resources fund a sign of the country’s ability to assist in efforts to protect global economy from further deterioration.
South Africa has displayed its global clout by pledging to lend a chunk of its foreign exchange reserves to the IMF, as part of a broad-based move to bolster the institution’s firewall against another international financial crisis.
The decision was taken at a summit of
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