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 was the purpose of the emergency loan approved for South Africa?

What are some of the areas where the emergency funds will be allocated?

How many COVID-19 cases does South Africa have compared to the rest of the continent?

What impact has the pandemic had on South Africa's economy?

What percentage of unemployment is reported in South Africa due to the pandemic?