1993 letter (confidential) of agreement between ANC and IMF

sa-imf letter of intent

South Africa’s ANC making a deal with the IMF back in 1993 (that’s right, not 1994 when it formally became the ruling party). This is NOT the cause of the ANC’s drift to neoliberalism, but an OUTCOME — there was no fiscal crisis requiring capitulation, nor was the ANC yet a ruling party!

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