Bloomberg<\/a> reported.\n <\/p>\n Economic toll<\/p>\n
\n While being placed on the grey list does not trigger immediate penalties, it can seriously harm a country\u2019s economy and reputation. It often undermines confidence in the financial sector and limits access to international aid and investment.\n <\/p>\n
\n A 2021 report by the International Monetary Fund (IMF) found that grey listing can reduce capital inflows by as much as 7.6% of a country\u2019s GDP.\n <\/p>\n
\n Removal from the grey list would mark a huge milestone for Africa\u2019s most industrialised economy, potentially restoring investor confidence and improving capital flows. South Africa was added to the list in February 2023 due to shortcomings in its financial oversight.\n <\/p>\n
\n \u201cThey will assess, report back to the plenary, and a decision will be made,\u201d De Anda said. Speaking on the sidelines of the G20 finance ministers and central bank governors\u2019 meeting in South Africa, she added: \u201cWhat I can say is we do see political commitment from South Africa.\u201d\n <\/p>\n
\n De Anda, a former Mexican official, also met with South Africa\u2019s central bank governor at the event, reaffirming the authorities\u2019 commitment to addressing FATF concerns.\n <\/p>\n","protected":false},"excerpt":{"rendered":"South Africa is on track to exit the Financial Action Task Force\u2019s (FATF) so-called grey list by October,…\n","protected":false},"author":2,"featured_media":272688,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,1700,16,15],"class_list":{"0":"post-272687","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114875608840293565","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/272687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=272687"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/272687\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/272688"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=272687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=272687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=272687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}