Govt taps into P1.5bn World Bank loan

Wednesday, June 01, 2016

Government is currently in negotiations with the World Bank to tap into a $150 million financial package to invest towards improving water access, sanitation and renewable energy.

The financial package is part of a $270 million developmental lending pipeline availed by the World Bank last year under a 2016-2020 Country Partnership Framework (CPF), to finance developmental operations in the first two years of the programme, up to 2018.

Permanent Secretary in the Ministry of Minerals, Energy and Water Resources, Kgomotso Abi told the Public Accounts Committee (PAC) recently that negotiations to tap into the $150 million facility are currently ongoing.

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