The World Bank's private investment arm will provide a $250 million loan to South African lender FirstRand to help boost loans for green buildings.
The funding comprises an International Finance Corporation loan of as much as $200 million and up to $50 million from the Managed Co-Lending Portfolio Programme, an IFC syndications platform for institutional investors, the firms said in a joint statement on Monday.South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism.
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