New $1.8bn-plus concessional loan package signed to support JET-IP

South Africa has confirmed the signing of three new policy loan agreements – worth more than $1.8-billion – in support of the country’s Just Energy Transition Investment Plan (JET-IP), the implementation plan for which was approved by Cabinet last week. The dollar- and euro-denominated loans are described as “concessional’ and have been provided directly to the National Treasury for general budget expenditure purposes by the World Bank, Germany’s Kreditanstalt für Wiederaufbau (KfW), and the African Development Bank (AfDB).