South Africa signs green energy loan
By Mark | November 14, 2011
Power utility Eskom signed a R1.9-billion loan from the World Bank on Monday that will finance the building of South Africa’s largest solar energy and wind power generation projects. Read the rest of this entry »
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Neo-liberal Bailout Conditionalities Will Make Matters Worse in Swaziland
By Mark | September 1, 2011
South African Municipal Workers Union
In today’s Business Day (Thursday September 1st) is a summary of the report constructed by the International Monetary Fund (IMF) on the state of Swaziland’s economy, and it confirms the depth of the crisis that democracy activists have been attempting to highlight for over a year. Read the rest of this entry »
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World Bank approves £26.9 million loan to Swaziland
By Sarah | January 21, 2011
The World Bank, 20 January 2011
PRETORIA, January 20, 2011 – The World Bank’s Board of Executive Directors in Washington today approved a US$26.9 million loan to the Kingdom of Swaziland to strengthen the capacity of urban and rural (Tinkhundla) local governments to deliver effective and sustainable services to citizens. Read the rest of this entry »
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President Zuma calls for IMF reform at the G20
By Info | June 29, 2010
Address by President JG Zuma to G20 plenary session
27 June 2010
Excellencies, colleagues
We have spoken a lot in the past about the need to speed up the reform of international institutions.
It is time for us, the leaders to take the initiative in regard to the reform of the IMF. We are called upon to provide leadership and the political will to follow through with IMF reform. I would like to make a few quick points on our views on this matter. Read the rest of this entry »
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South Africa: World Bank Approves Eskom Loan
By Info | April 9, 2010
Article from allAfrica, 9 April 2010
The World Bank has thrown Eskom the lifeline it was so desperately seeking by approving a $3.75 billion loan to help South Africa secure its electricity supply.
The Bank said in a statement late yesterday that the loan – the Bank’s first major lending engagement with South Africa since the fall of apartheid 16 years ago – aimed to benefit the poor directly, through jobs created as the economy bounces back from the global financial crisis and through additional power capacity to expand access to electricity.
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