IMF Approves $4.3 Billion Coronavirus Loan To South Africa

IMF Approves $4.3 Billion Coronavirus Loan To South Africa

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Social Studies

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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%.

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