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Treasury confirms signing of govt’s $1.5bn development policy loan with World Bank
The South African government and the World Bank have signed a $1.5-billion Development Policy Loan Agreement aimed at supporting the country’s efforts to achieve inclusive growth by tackling infrastructure constraints, identified as the primary barrier to job creation. This serves as the fourth development policy loan and continued partnership with the World Bank, aimed at addressing South Africa’s economic challenges of low growth and high unemployment, National Treasury notes in a statement.
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businessday.co.za
World Bank approves R25bn loan to back South Africa’s infrastructure reforms
Nearly 600,000 jobs expected through infrastructure overhaul, private sector investment
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engineeringnews.co.za
World Bank facility extended to support water, sanitation sector reforms in South Africa
The new $1.5-billion loan from International Bank for Reconstruction and Development (IBRD) to South Africa, the fourth stand-alone Development Policy Loan to the country since…
