World Bank Extends $1.5 Billion Loan to South Africa to Fast-Track Infrastructure Reform

“South Africa has shown that sustained reform can turn around even deep-seated infrastructure crises,” said Satu Kahkonen, World Bank Group Division Director for South Africa. “By extending this support to water and sanitation for the first time, we are helping ensure the benefits of reform reach every household, while these efforts together are expected to help create almost 600,000 jobs and attract much-needed private investment.”