Govt taps into P1.5bn World Bank loan

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.