(Bloomberg) -- France is nearing the disbursement of a second loan to South Africa’s Treasury under the Just Energy Transition Partnership program.
“We are in the final stages of preparing a second loan,” adding to the €300 million ($329 million) it distributed about 18 months ago, David Martinon, France’s ambassador to South Africa, said in a speech in the town of eMalahleni, east of Johannesburg, on Wednesday.
The JETP is a $9.3 billion climate-finance pact agreed between South Africa and some of the world’s richest countries to help the African nation transition away from the use of coal.
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