South Africa Pursues Climate Loans From Germany, UK as US Exits

Bloomberg · last updated April 6, 2025 – 9:25 PM

South Africa’s National Treasury is in talks to secure loans from Germany and the UK under the terms of a climate pact the US walked away from last month.

The Treasury said it’s in talks to secure so-called policy loans from lenders including KfW, Germany’s state development bank, and the African Development Bank, through which the UK is channeling its assistance by providing credit guarantees. It didn’t give further details in a response to queries.

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