World Bank to consider P1.9bn loan to gov’t

The loan will be the second and last in a series which produced the $250 million (P3.2 billion) funding in June 2021, a rare instance of direct budget support from the World Bank to Botswana. Both sets of funding are known as “development policy loans” which are tied to policy priorities the Bank and the receiving government agree to pursue.

The World Bank’s new resident representative to Botswana, Liang Wang told BusinessWeek work was progressing towards assessing the new loan.