IMF Approves $4.3 Billion Coronavirus Loan To South Africa

South Africa received an emergency loan to combat the COVID-19 pandemic, focusing on healthcare, job creation, and stabilizing public debt. With over 450,000 cases, it has the highest number in Africa and the fifth globally. The pandemic has severely impacted the economy, with unemployment rising above 30%.

What is the primary purpose of the emergency loan approved for South Africa?

• To build new hospitals

• To support frontline healthcare, create jobs, and stabilize public debt

• To fund vaccine research

• To improve transportation infrastructure

Which country has the highest number of COVID-19 cases in Africa?

• Nigeria

• Egypt

• Kenya

• South Africa

Globally, where does South Africa rank in terms of COVID-19 caseload?

• Fifth

• First

• Tenth

• Third

What has been a significant economic consequence of the pandemic in South Africa?

• Rise in agricultural exports

• Growth in the tech industry

• Increase in unemployment above 30%

• Decrease in tourism

What is the current trend in South Africa's unemployment rate due to the pandemic?

• Stable

• Fluctuating

• Decreasing

• Increasing