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South Africa has signed concessional loan agreements with the World Bank, Germany and the African Development Bank to finance the country’s Just Energy Transition in line with the Just Energy Transition Investment Plan (JET IP).
The approximately R34.4 billion of sovereign loans is provided directly to National Treasury for general expenditure purposes and will include €500 million (R10 billion) from Germany’s Credit Institute for Reconstruction, $300 million (R5.5 billion) provided by the African Development Bank (AfDB) and $1 billion (R18.7 billion) from the World Bank.
