South Africa has extended its nationwide lockdown for two weeks, but outlined a set of criteria for lifting restrictions, with coronavirus cases in the country so far avoiding the sharp trajectory seen in Europe and the U.S.
An early victim of the oil price crash has been the U.S. shale industry, which is now hemorrhaging jobs as highly-indebted oil producers in the U.S. begin filing for bankruptcy.
Many governments have announced large amounts of stimulus to support their respective economies, with some taking up more debt to fund those expenditure.
"Under no circumstances can the world, the region, or India, allow an epicenter to emerge in India," said the World Bank's country director for India, Junaid Ahmad.
Major international creditors will relieve the world's poorest countries of debt payments this year to help them deal with the coronavirus pandemic, France announced on Tuesday.
South Korea heads to the polls on Wednesday for legistlative elections against the backdrop of the global coronavirus pandemic that has taken thousands of lives worldwide.
The government will allow farm activities, construction of roads and buildings in the hinterland which has so far been less affected by the coronavirus contagion.
The measures were introduced after global markets sold off as investors scrambled for safety from the economic threat of the global coronavirus pandemic.