July 27, 2020

IMF approves $4.3 bn to help South Africa fight COVID-19

Washington (AFP) – The International Monetary Fund on Monday said it had approved $4.3 billion in aid to South Africa to help it fight the coronavirus pandemic.”The IMF approved $4.3 billion in emergency financial assistance under the Rapid Financing Instrument (RFI) to support the authorities’ efforts in addressing the challenging health situation and severe economic impact of the COVID-19 shock,” the Washington-based crisis lender said in a statement.South Africa is the continent’s most-industrialized economy and has the largest number COVID-19 cases, with more than 445,000 detected and 6,76…

source https://this.kiji.is/en/660575786244588641?c=648607265489716321

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