(180122) -- DAVOS (SWITZERLAND), Jan. 22, 2018 (Xinhua) -- People walk in the snow in Davos, Switzerland, on Jan. 22, 2018. Davos, which is hosting world leaders for the Jan. 23-26 annual meeting of the World Economic Forum (WEF), was also affected by heavy snow as the area was secured for the gathering that will draw political, business and cultural leaders from all around the world. (Xinhua/Xu Jinquan)
WASHINGTON - IMF chief Christine Lagarde said on Tuesday she had met with South African Deputy President Cyril Rampahosa on the sidelines of the World Economic Forum in Davos and they agreed that structural challenges were a burden to economic growth in Africa’s largest economy.

Their meeting comes a day after the International Monetary Fund cut South Africa’s growth forecast for the next two years, citing political uncertainty.


“We concurred that long-standing structural challenges continue to weigh on growth in South Africa,” Lagarde said in a statement, adding: “We consequently agreed that bold and timely reforms are needed to create an environment conducive to job creation and less inequality.”



- REUTERS