South Africa signs $500 million loan agreement with Asian Infrastructure Investment Bank

JOHANNESBURG, Aug 7 (Reuters) – South Africa’s government has signed a $500 million sovereign-backed loan agreement with the Asian Infrastructure Investment Bank (AIIB) to strengthen climate-resilient urban services, the National Treasury said on Friday. “The financing marks AIIB’s first investment in South Africa, establishing a new partnership to advance the country’s sustainable infrastructure priorities,” the Treasury said […]