imf eff christine legarde cyril ramaphosa

Twitter / @ThePresidencyZA

“IMF is not the solution to South Africa” – EFF reacts to IMF visit

Something is in the water, according to the EFF.

imf eff christine legarde cyril ramaphosa

Twitter / @ThePresidencyZA

The Economic Freedom Fighters (EFF) have not welcomed the visit of the managing director of the International Monetary Fund (IMF), Christine Lagarde, to our shores.

According to Lagarde herself, who addressed the media on Wednesday, this visit was more casual than anything. She insisted that landing on South African soil was merely part of her tour of African countries.

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IMF vehemently insist visit to South Africa is not business trip

Pictured with Ramaphosa and the South African Reserve Bank (SARB) governor, Lesetja Kganyago, who had welcomed her to his quarters, they looked as cordial as ever. However, at a distance, the EFF was very much skeptical of this ‘random’ visit.

The red beret’s suspicions were not helped by Lagarde’s vehement denials of there being a loan deal on the cards between the IMF and South Africa.

“I am not here to discuss any form of financial support and it did not get raised,” she said.

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EFF rubbish IMF claims and issue warning to Ramaphosa

The EFF are not biting it. On Wednesday evening, the opposition party issued a statement on the matter, calling on the ‘outgoing’ president, Ramaphosa, to resist the urge to plunder the country into deeper debt.

“The EFF strongly advises that the South African government should not accept any economic advice from the IMF, because it is empirically and historically responsible for economic models and systems that devastated poor nations and condemned poor people to absolute poverty,” the party wrote. 

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The red berets, referring to the Ramaphosa and his Cabinet as the ‘outgoing’ government, stressed the apparent dangers of doing business with the IMF. They blamed the large marginalisation of the poor from economic participation in South Africa on the loan the country had made with the fund.

Referring to themselves as “the political party that determines economic policy in South Africa”, the party stated that the IMF is not the solution to South Africa’s economic woes.

“We will no repeat things that brought us massive unemployment, crisis levels of poverty and the highest inequality in the world. The IMF is not a solution to South Africa and they should leave our country knowing that they are rejected,” the statement read.

You can read the rest of the fiery statement here.