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Government of South Africa made another 11.4 billion loan on top of 500 billion

It has been reported that The World Bank Group Board of Executive Directors approved South Africa's request for a R11.4 billion loan.

It has been reported that Government of the republic of South Africa had applied for another load frok World Bank. This loan is coming after another loan from international financial institutions made last of last year.

According to South African department of Treasurer, this money will be used for Covid-19 vaccines.

According to world bank “It will assist in addressing the immediate challenge of financing critical health and social safety net programs to develop our economic reform agenda to build back better.”

South African citizens are not happy with the move by government of the republic of South Africa making credits and credits on top of credits.

This loan is coming after 500 billion loan which was made by government of the republic of South Africa at the beginning of covid-19.

Content created and supplied by: Breakingnews101 (via Opera News )

Covid-19 South Africa South African The World Bank Group Board of Executive

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