New Development Bank approves $1bn loan for SA
NDB’s assistance will address urgent health needs in SA to overcome the Covid-19 pandemic, the bank’s COO Xian Zhu said
20 June 2020 - 12:33
The New Development Bank announced on Saturday that it had approved a $1bn (R17.3bn) emergency Covid-19 loan for SA.
The announcement comes four days before finance minister Tito Mboweni tables a supplementary budget to parliament, which will adjust both spending and revenue plans and update key forecasts on growth and debt...
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