World Bank loan rewards SA for reform ‘breakthrough’

2022-01-24 11:22:00 AM

World Bank loan rewards SA for reform ‘breakthrough’

World Bank loan rewards SA for reform ‘breakthrough’

Concessional loan of $750m will be used for general budget purposes rather than being tied to particular projects

Hilary JoffeSA has won the World Bank’s stamp of approval for its progress on structural economic reforms, with the bank advancing a $750m (about R11.4bn) concessional loan to the government on the strength of “breakthroughs” in its management of the electricity crisis, climate change and digitalisation.

The loan, which has taken more than 18 months to negotiate, will be used for general budget purposes rather than being tied to particular projects. It gives SA recognition for actions taken, rather than setting explicit conditions for it to meet in future...

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24 January 2022 - 04:56 Hilary Joffe SA has won the World Bank’s stamp of approval for its progress on structural economic reforms, with the bank advancing a $750m (about R11.24 January 2022 - 04:56 Hilary Joffe SA has won the World Bank’s stamp of approval for its progress on structural economic reforms, with the bank advancing a $750m (about R11."I am so humbled to announce that I have made it to the @missworld Top 40.KickOff can reveal that Mokoena looks set to join the reigning DStv Premiership champions in what will likely be the most lucrative transfer in the January transfer window.

4bn) concessional loan to the government on the strength of “breakthroughs” in its management of the electricity crisis, climate change and digitalisation. The loan, which has taken more than 18 months to negotiate, will be used for general budget purposes rather than being tied to particular projects. The loan, which has taken more than 18 months to negotiate, will be used for general budget purposes rather than being tied to particular projects. It gives SA recognition for actions taken, rather than setting explicit conditions for it to meet in future. To my Miss World family, thank you.....

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