The webinar focused on the economic, fiscal and currency challenges and opportunities in South Africa. Elina Ribakova, Deputy Chief Economist at the IIF, provided an overview of the global economic situation in light of COVID-19 and market response as well as the impact on capital flows. Ugras Ulku, Head of CEEMEA Research at the IIF, discussed the near-term macro outlook and challenges facing South Africa. The call also discussed policy responses to COVID-19 in major EM.