South Africa signs $1.5bn World Bank loan for infrastructure development
5 billion World Bank loan to support reforms aimed modernising its infrastructure and creating hundreds of thousands of jobs.
The World Bank said the programme could help enable nearly 600,000 jobs, with most expected to come from improvements in electricity generation and freight transport.
The International Bank for Reconstruction and Development loan is the fourth in a series of stand-alone Development Policy Loans to South Africa since 2022.
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