UK – SA International Economic Partnership 

The International Economic Partnership (IEP) is a programme which works through the global economic governance system to strengthen the influence of coalitions between South Africa, the UK and other low or middle-income countries, to bring about better pro-poor, inclusive policymaking, and a stronger economic recovery from COVID-19.

Specifically, the programme aims to forge new ways of collaboration between the UK and South African governments in supporting South Africa’s G20 presidency in 2025, while unlocking structural barriers to growth, promoting monetary and fiscal policy coordination and improved government coordination within South Africa.

The programme’s three main focusses are:

• Macroeconomic stability and coordination

The IEP focusses on monetary policy, macroeconomic policy and coordination between monetary and fiscal policies. It also aims to provide thematic support for the G20 and specifically South Africa’s presidency in 2025.

• Fiscal reforms

The programme supports the reform of fiscal policies.

• Structural reforms

The programme focusses on trade and industrial policy interventions.

In addition, the programme pursues three cross-cutting themes:

• G20 and the international rules-based agenda, ensuring alignment with the overarching theme of the IEP programme.

• Capacity building and economic modelling, through technical assistance training or capacity building, mentoring, and building communities of practice through policy dialogues, workshops, roundtables and other similar fora.
• Gender mainstreaming and gender transformation, through the implementation of specific activities, as far as appropriate and possible.

The IEP is implemented by DNA Economics, Economic Research Southern Africa (ERSA) and the Overseas Development Institute (ODI). It runs until 2027.