Politics
BRICS Bank Lends South Africa $1 Billion for Cities, Report Says
Key Points
BRICS Bank Lends South Africa $1 Billion for Cities, Report Says New Development Bank is lending South Africa $1 billion for the state to upgrade infrastructure in its eight biggest cities, Business Day reported. The so-called metropolitan municipalities will use the funds to improve supply of water, sanitation and waste management, the Johannesburg-based newspaper reported, citing the lender set up by original Brics members — Brazil, Russia, India, China and South Africa.
BRICS Bank Lends South Africa $1 Billion for Cities, Report Says
New Development Bank is lending South Africa $1 billion for the state to upgrade infrastructure in its eight biggest cities, Business Day reported.
The so-called metropolitan municipalities will use the funds to improve supply of water, sanitation and waste management, the Johannesburg-based newspaper reported, citing the lender set up by original Brics members — Brazil, Russia, India, China and South Africa.