South Africa’s view on capital account liberalisation and capital flow management is aligned with the institutional view of the IMF. As an enhanced engagement member of the OECD Advisory Task Force Committee (ATFC) with no voting rights, the country has been fully engaged in the ongoing review of the OECD Code.
In Japan, it is more than 200 percent. In comparison, Canada’s total government debt is close to 90 percent of GDP, of which federal debt is about 30 percent. Policy-makers have taken the lessons learned from the 2008 global financial crisis to heart.