Treasury is ‘finalising talks’ on climate fund loans, minister says in MTBPS
The loans are being negotiated with European development banks including Germany’s KfW Development Bank
26 October 2022 - 14:58
As part of the investment plans for the $8.5bn in climate finance pledged to SA by the governments of the UK, US, France, Germany and the EU at COP26 in Glasgow, Scotland in 2021, Treasury is busy negotiation the terms of loans amounting to about $6bn.
The loans are being negotiated with European development banks including Germany’s KfW Development Bank, a Treasury official said during a media briefing on the medium-term budget policy statement (MTBPS) on Wednesday...
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