South Africa - Third Line of Credit to the Development Bank of Southern Africa Limited (DBSA)

The proposed project is the third credit line operation of US $ 100 million to DBSA. This LOC is intended to finance the goods and services required for the implementation of eligible infrastructure subprojects in South Africa and within the other countries of the SADC region. The DBSA is a strong development financing institution with good managerial, technical and operational capabilities. The LOC would mainly address the objective to develop and maintain economic infrastructure as important ingredients of economic development and poverty alleviation in the different SADC countries. This LOC is strongly supported by the Government of South Africa, who has agreed to guarantee it, as well as by the potential borrowers in SADC countries.