South Africa: Selected Issues

International Monetary Fund

No 2000/042, IMF Staff Country Reports from International Monetary Fund

Abstract: The external current account in South Africa has strengthened significantly in 1999, mainly owing to a large decline in imports. Compared with a deficit of about 1.5 percent of GDP in recent years, it is close to balance during the first three quarters of 1999. A resumption of investor confidence has led to an increase in international reserves and facilitated a decline in the net open forward position (NOFP). The external current account deficit has declined to 0.2 percent of GDP during the first three quarters of 1999.

Keywords: ISCR; CR; TFP growth; liberalization; inflation-targeting framework; South Africa's net export; U.S. dollar; trade liberalization; Total factor productivity; Inflation targeting; Personal income; Tariffs; Africa; Global (search for similar items in EconPapers)
Pages: 187
Date: 2000-03-31
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Citations: View citations in EconPapers (2)

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