The role and influence of the IMF on economic policy in South Africa’s transition to democracy: the 1993 Compensatory and Contingency Financing Facility revisited

  title={The role and influence of the IMF on economic policy in South Africa’s transition to democracy: the 1993 Compensatory and Contingency Financing Facility revisited},
  author={Vishnu Padayachee and Benjamin Fine},
  journal={Review of African Political Economy},
  pages={157 - 167}
SUMMARY Many commentators have pointed to the 1993 International Monetary Fund (IMF) loan, which occurred on the eve of South Africa’s democratic elections, as a key factor in explaining the shift in African National Congress (ANC) economic policy in the 1990s. This argument is now invariably taken for granted. Little understanding of the nature of the Compensatory and Contingency Financing Facility (CCFF) is displayed, nor has any hard evidence been produced to back this argument. Drawing upon… 

South African business in the transition to democracy

ABSTRACT The transition to democracy in South Africa represents one of the most celebrated political moments of the late 20th C. While much has been said about the narrowly political and

Exit, Quasi-Exit, And Silence : How Developing Countries React when Discontent with the Investment Treaty Regime

As a result of growing discontent with Investor-State Dispute Settlement (ISDS) and the expansive nature of the substantive protection standards in Bilateral Investment Treaties (BITs), States around

Saving or Seizing the City: Discursive Formations in Cape Town, South Africa

‘Neoliberalism’ is the dominant theme pervading numerous studies of post-apartheid urban development in Cape Town. This often renders invisible the many nuances and complexities embedded within its



Tearing Down Walls : The International Monetary Fund 1990-1999

This volume - the fifth in a series of histories of the International Monetary Fund - examines the 1990s, a tumultuous decade in which the IMF faced difficult challenges and took on new and expanded

Elite Transition: From Apartheid to Neoliberalism in South Africa

Elite transition is the first study to offer an analysis of the compromises that have been made, and continue to be made, between the past and present powers in post-apartheid South Africa. Basing

Economic Policies for a New South Africa

Against a backdrop of the dismantling of apartheid and the current government's commitment to negotiating a new constitution based on universal suffrage and protected human rights, discussions are

The Politics of International Economic Relations

In the introductory chapter, Spero explained the link between economics and politics, stating that politics and economics have been divorced from each other and isolated in the analysis and theory of

South Africa - The Present as History: From Mrs Ples to Mandela and Marikana

In 1994, the first non-racial elections in South Africa brought Nelson Mandela and his African National Congress to office; elections since have confirmed the ANC's hold, both popular and legitimate,

“Shadows of liberation”: ANC Economic and social policy from African claims to gear

For the tens of thousands of anti-apartheid activists in South Africa and the world a question that has been asked over and over again is: how did South Africa veer so far away from its original

Anatomy of a Miracle: The End of Apartheid and the Birth of the New South Africa

Apartheid agonistes: the myth of the Monolith the age of contradictions to the Rubicon, and beyond. Part 2 Negotiated revolution: the great seduction secret mission why the Boers gave it all away the

Lost in the Transformation

An opinion is presented that translation of any literary work needs to address linguistic and cultural differences between the host and the target text. The application of French theory to

Anatomy Of A Miracle The End Of Apartheid And The Birth Of The New South Africa

Thank you for downloading anatomy of a miracle the end of apartheid and the birth of the new south africa. Maybe you have knowledge that, people have look hundreds times for their chosen readings

Armed and dangerous.

Stem rust is the worst of the three common rust diseases, and if it reaches India’s Punjab region, losses could reach $3 billion per year; if the United States, the toll could be $10 billion annually.