The World Bank Board has announced in a press release that a U.S.$1 billion Development Policy Loan (DPL) has been offered to support the government's efforts to promote long-term energy security and a low carbon transition.
The move comes as the nation faces a protracted energy crisis which has had a marked negative impact on productivity and safety. Additionally, plans for a Just Energy Transition Partnership are underway.
The World Bank Board supports the Government of South Africa's efforts to promote long-term energy security and a low carbon transition with a $1 billion Development Policy Loan…
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