DA seeks IMF support for its opposition to race-based Covid-19 relief funding

It is appealing to the International Monetary Fund to censure the government for its use of B-BBEE criteria in Covid-19 relief funding

In a controversial move, the DA has taken its opposition to the use of racial criteria in the distribution of Covid-19 funds to the international stage.

“I have no doubt that the IMF has no intention of fueling racial discord in SA. I trust that the IMF will not hesitate in directing the SA government to not use its loan financing in a way that furthers racial discrimination,” Steenhuisen said in a statement. Last week, the Treasury said it was looking to raise R95bn from multilateral institutions — $50m from the World Bank, $1bn from the New Development Bank and $4.2bn from the IMF — for business support, job creation and the protection of existing jobs.

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