02057cas a2200277 a 4500 AALejournalIMF022433 230101c9999 xx r poo 0 0eng d 5.00 USD 9798400200250 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. African Dept. South Africa : 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for South Africa. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (127 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students South Africa's subpar economic performance over the last decade has weakened its macroeconomic fundamentals and social indicators. In response to formidable COVID-19-related challenges, government expenditure surged, and, amid declining revenue, the budget deficit widened significantly. The South African Reserve Bank (SARB) and the Prudential Authority (PA) preserved adequate liquidity conditions and financial-sector stability. The cyclical recovery from the deep contraction has been faster than expected but its strength is unlikely to be sustained. Benign global market conditions have supported asset performance, although term premia are elevated due to fiscal risks. Bank soundness indicators remain solid, but a deepening bank-sovereign nexus raises some concerns. Mode of access: Internet International Agreements and Observance imf International Organizations imf Monetary Policy imf IMF Staff Country Reports; Country Report ; No. 2022/037 Full text available on IMF http://elibrary.imf.org/view/journals/002/2022/037/002.2022.issue-037-en.xml IMF e-Library