COVID-19 Emergency Program (NDB-covid19emergencyprogr)

Countries
  • South Africa
Where the impacts of the investment may be experienced.
Financial Institutions
  • New Development Bank (NDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 19, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
The Republic of South Africa
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 1,000.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 1,000.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ NDB website

Updated in EWS Jun 23, 2020

Disclosed by Bank Jun 19, 2020


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Project Description

The objective of the Program is to assist the Government of South Africa in its efforts to combat the outbreak of COVID-19, minimize the loss of human life, and reduce social and economic losses.

The Program will enable recovery of economic and social activity through (i) procurement and deployment of critical healthcare goods and services, which will enhance South Africa’s disease detection and diagnosis, infection prevention and control capacities; and (ii) increasing the amount of social grants paid out to beneficiaries to strengthen the country’s social assistance measures during the outbreak period, which will assist in reducing economic losses, particularly for the vulnerable population.

Investment Description
  • New Development Bank (NDB)
Contact Information

Department of National Treasury of South Africa:

Thembi Mda
debtissuanceandmanagement@treasury.gov.za

Project Team Leader:Charmaine Kazamula
operations2@ndb.int