World Bank approves $480m loan to help SA fight Covid-19
The loan will boost SA’s vaccination efforts, support the health system and purchase 47-million vaccine doses
14 June 2022 - 11:29
The World Bank has approved a $480m (R7.59bn) loan to SA to fight the Covid-19 pandemic by boosting the local vaccination programme, improving genomic surveillance, protecting the poor from the socioeconomic impact, helping the health system and bankrolling the purchase of 47-million vaccine doses.
According to a joint statement by the World Bank and the National Treasury, the SA government approached the World Bank for help amid the fifth wave and to help “create the fiscal space needed to strengthen its health system and ensure financial and institutional sustainability”...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.