“This paper aims to elucidate the goals of the IMF in South Africa and the impact of its engagement in the country. Whilst the main focus of this article is on the Fund, mention will also be made of the activities of the other Bretton Woods institution, the World Bank (IBRD). We shall begin with a brief history of South African-IMF Relations, the debt standstill and South Africa's financial relations, before moving on to an analysis of recent IMF activities in the country, the substance of Occasional Paper 91, and its impact on South African society. Before concluding, we shall evaluate the implications of the IMF's actions for international relations and our understanding of international organisations in the global arena."