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Government seeks US $200 million loan from WB

    JOHANNESBURG

    South Africa has approached the World Bank for a US $200 million loan to revamp the country’s public hospitals, news reports said this week. The loan which would be the second from the bank will only be considered by the board in July next year.

    “It is anticipated that this will be the first of a series of future (World) Bank involvement in the sector,” a bank official was quoted as saying. South Africa plans to upgrade and restore its strained public hospitals at an estimated cost of US $270 million, with the state providing US $70 million of the funds.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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