BRICS News

South Africa seems to have passed the peak in the number of cases with the daily Covid-19.
The post South Africa moves to Level 1 lockdown first appeared on The BRICS Post.

The OECD said that a sound growth strategy could deliver quick wins in terms of job creation and potential growth.
The post South African economy has unprecedented collapse in Q2 first appeared on The BRICS Post.

The move to lockdown level 2 means that restrictions will be eased in several sectors.
The post South Africa to move to Level 2 lockdown first appeared on The BRICS Post.

The sharp drop in economic activity adds to long-standing challenges and raises the urgency of structural reforms.
The post OECD Survey highlights barriers to growth in South Africa first appeared on The BRICS Post.

The loan will help Brazil safeguard the income of about 5 million people in vulnerable situations.
The post BRICS New Development Bank Offers Brazil COVID-19 relief first appeared on The BRICS Post.

Short-term borrowing will increase by R98 billion to R146 billion in 2020/21.
The post Supplementary Budget may still be too optimistic on growth first appeared on The BRICS Post.

The $1.5 billion bond has an issue yield of 0.66 per cent and is listed on the Irish Stock Exchange
The NDB has been making emergency loans to help member states combat COVID-19 [NDB]
The BRICS New Development Bank (NDB) COVID-19 Response will be used to finance sustainable development activities in its member countries, including emergency assistance loans to the BRICS member countries.

Will allow Eight million workers to get back to work
Mobile clinics were testing people with symptoms in both the poor and richer areas

Due to Covid-19 pandemic and lockdown regulations
The African Export-Import Bank (Afreximbank), the African Union (AU) and the Government of Rwanda have decided to postpone the second Intra-African Trade Fair (IATF2020) to September 6 to 12 September 2021 due to the Covid-19 pandemic and consequent lockdown regulations. It will now be branded as IATF2021.
Afreximbank President Benedict Oramah said that the continuing COVID-19 pandemic situation was not conducive to holding such an important pan-African event.

Equivalent to a tenth of the economy 
Despite quickly moving to combat COVID-19, the government has still be criticized for its slow economic response