- AfDB’s indicative operational program for its South Africa’s strategy plan 2023-2028 amounts to a total of $1.54 billion.
- The Bank will strengthen the governance framework to create favourable conditions for implementing infrastructure projects.
- Through the private sector, AfDB’s interventions will focus on improving energy, transport, water, and sanitation industries.
The African Development Bank (AfDB) has initiated a five-year plan to stimulate growth in South Africa, the continent’s most advanced economy. Dubbed the Country Strategy Paper (CSP) 2023-2028, AfDB has outlined two main lines of action. The bank aims to enhance governance while deploying strategies to revamp the private sector.
Concerning governance, CSP 2023-2028 will support the South African government in its efforts to address persistent structural challenges. This approach aims to promote industrialization and establish a faster, more inclusive growth trajectory to combat poverty.
According to the AfDB, its indicative operational program for 2023-2028 amounts to a total of …
The post AfDB’s new five-year plan to stimulate South Africa’s economic growth appeared first on The Exchange.
