A loan at cheaper rates would reward SA for progress and commitments already made
The government is in talks with the World Bank on a fresh $1bn loan, as part of a strategy to take advantage of cheaper loans from international financial institutions over the next three years rather than going back to foreign markets at a volatile time.
It is also looking to the $8.5bn Just Energy Transition Investment Plan agreed in November with SA’s international partners for concessional foreign finance, and has already signed contracts with French and German development finance agencies for €600m of low-interest loans which recognise the progress the government has already made on energy reforms...
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