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Story summary
- South Africa received an International Bank for Reconstruction and Development (IBRD) Development Policy Loan to fund reforms.
- Loan targets 600,000 jobs—280,000 by 2027 and 560,000 by 2032.
- It focuses on electricity, rail freight, ports, water and sanitation.
- Reforms have ended load shedding for 18 months, raised renewable investment sixfold and freight volumes 50% since 2023, prompting World Bank to approve a $10 billion guarantee for electricity, logistics and water ten years.
