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The sharp drop in economic activity adds to long-standing challenges and raises the urgency of structural reforms.
The loan will help Brazil safeguard the income of about 5 million people in vulnerable situations.
Short-term borrowing will increase by R98 billion to R146 billion in 2020/21.
Such emergency loans could be used to finance direct expenses such as procuring protective gear for health workers.
South African steel production fell by 99.5 per cent year-on-year in April so the move to Level 3 was welcomed.
Oramah said that the continuing COVID-19 pandemic situation was not conducive to holding such a pan-African event.
R2 billion is geared to assist small and medium enterprises and spaza shop owners and other small businesses;
Non-food stores, all restaurants, bars and cinemas are closed, as are schools, churches and universities.
The China loan will finance urgent and unexpected public health expenditures and will focus on three provinces in China.
This means that most economic activities cease except those related to public health, food, water, sanitation and electricity.
