A sudden stop in tourism caused by border closures and lockdowns aimed at containing the coronavirus pandemic will cause a 6.2% contraction of the Caribbean economy in 2020, the deepest recession in over half a century, the IMF said on Wednesday.
EFF leader, Julius Malema, has called on government to first exhaust all internal avenues, to help save the country from the negative economic impact of the coronavirus, before requesting for funding from the International Monetary Fund and the World Bank.
SABC News takes a look at top stories pertaining to the novel coronavirus (COVID-19) from the country, continent and the world.
The battle over where to source funds for South Africa’s economic stimulus package is raging at Luthuli House.
The International Monetary Fund may need to step outside its comfort zone and consider “exceptional measures” to help countries deal with the coronavirus pandemic and mitigate its economic impact, Managing Director Kristalina Georgieva said on Monday.