South African Finance Minister on Debt Restructuring

The video discusses the progress and challenges in implementing debt relief for several countries, particularly in Africa. It highlights the impact of global financial crises, natural disasters, and the pandemic on African economies, leading to debt distress. The video also addresses South Africa's inflation issues, exacerbated by external shocks like the Russia-Ukraine conflict, and outlines measures taken to mitigate these challenges, including support for fuel and indigent communities.

What is one of the main challenges in implementing debt relief programs?

• Political instability

• Slow uptake by countries

• Lack of international support

• Insufficient funding

Which of the following has NOT been a factor affecting African economies?

• Global financial crisis

• Natural disasters

• Technological advancements

• Pandemic

What has been a significant cause of inflation in South Africa?

• Decreased demand for goods

• Increased local production

• External shocks like the Ukraine conflict

• Internal policy changes

How has South Africa attempted to support its citizens during economic challenges?

• By reducing taxes

• By cutting public spending

• By increasing interest rates

• By providing fiscal support for services

What type of support did South Africa provide during the COVID pandemic?

• Increased military spending

• Subsidies for agricultural products

• Special relief for the unemployed

• Tax incentives for businesses