World Bank approves further P2bn loan

Going green: The World Bank’s funding is designed to improve post-pandemic economic resilience and also help the country’s renewable energy transition PIC: PHATSIMO KAPENG
Going green: The World Bank’s funding is designed to improve post-pandemic economic resilience and also help the country’s renewable energy transition PIC: PHATSIMO KAPENG

The World Bank’s board has approved a $150 million (P2 billion) loan for Botswana, aimed at supporting the country’s efforts to rebound from the pandemic, boost the private sector’s contribution and also drive sustainable development initiatives.

In a statement on Wednesday, Marie Francoise Marie-Nelly, the World Bank country director for Eswatini, Botswana, Lesotho, Namibia, and South Africa, said the effects of the COVID-19 pandemic and other global shocks had made the need to diversify the economy, create more jobs, and rebuild fiscal buffers more urgent.

“We are pleased to support the government’s efforts to put Botswana on a more inclusive, resilient, and low-carbon growth path,” she said.

Editor's Comment
Government’s efforts commendable!

Since the news broke, the government made sure to work hand in hand with the South African government to assist the families of the victims. The two countries came together to help the families identify the bodies of their loved ones through DNA testing. The government also announced that they would assist families with food for mourners before the funerals.Even though the deceased persons were mostly residents of Molepolole, the government...

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