When the IFC rescues the City of Johannesburg’s budget
In an unusual operation, the World Bank subsidiary will support the South African city, which is experiencing recurrent financing difficulties.
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▪ When the IFC rescues the City of Johannesburg’s budget
▪ In an unusual operation, the World Bank subsidiary will support the South African city, which is experiencing recurrent financing difficulties.
▪ https://www.africabusinessplus.com/en/815672/when-the-ifc-rescues-the-city-of-johannesburgs-budget/
The move is unusual for the financing institution, which usually supports the private sector. The International Finance Corporation (IFC) will help the City of Johannesburg Metropolitan Municipality’s (COJ) 2022-2023 budget programme with a 15-year loan of R1.83 billion ($100 million).
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