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US Stalls $2.6 Billion Climate Finance Package for South Africa
The US is stalling the distribution of $2.6 billion in climate finance to South Africa, stoking concerns the money might be blocked outright, people familiar with the situation said.
At a meeting earlier this month, US representatives prevented the World Bank-linked Climate Investment Funds from approving a $500 million disbursement to South Africa, two of the people said, asking not to be identified because a public announcement hasn’t been made on the matter.