World Bank, gov't in talks on ERTP loan

The ERTP is government’s plan to lift the economy out of the novel coronavirus-induced (COVID-19) depression and set it on a transformation agenda through fast-tracked projects and policies running until March 2023, which is the end of (National Development Plan) NDP11.

Finance Minister, Thapelo Matsheka has said the P14.5 billion required to finance the ERTP will come from domestic borrowing, domestic resource mobilisation – which includes higher taxes and fewer subsidies – as well as external support.