How foreign climate financing poses forex debt risk for SA

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South Africa Headlines News

Presidential Climate Finance Task Team head says the country might have to implement hedging products because of currency mismatch risks

The $8.5bn in funding that SA is to receive as part of a landmark climate finance agreement with rich countries is likely to be only the first offer, with more financing offers to follow, says Daniel Mminele, head of the Presidential Climate Finance Task Team.

However, it remains to be seen whether the type of financing that partner countries are willing to commit to would be worth taking...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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