Funding of Multilateral Development Banks and the Common Monetary Area – Spending Review Report

South Africa’s membership in the MDBs and the CMA continues to be of strategic importance and can be seen as supporting the country to achieve its national development plan’s objectives, to reform the global political-economy and strengthen regional integration. The MDBs also have the potential of providing South Africa with finance at more competitive rates than the markets can offer, that can be utilised for projects, programmes, and budget support.