South Africa Seeks World Bank Loan for Second Time Since 1994
- Government wants $800 million, say people familiar with talks
- State exploring options to cut funding costs, Treasury says
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South Africa’s government is in talks with the World Bank to secure additional funding, according to people familiar with the discussions.
The state is seeking at least $800 million as it considers ways to fund the likely extension of a Covid-19 relief grant that’s scheduled to expire in March, said the people who asked not to be identified because they’re not authorized to speak to the media.