JOHANNESBURG, April 8 (Reuters) – The New Development Bank
of the BRICS group of nations has approved a $1 billion loan to
the South African government to support an economic recovery
from the COVID-19 pandemic, the bank said on Thursday.
“The loan will support the Government of South Africa in its
efforts to contain the economic fallout of the pandemic and
start economic recovery,” the bank said in a statement.
(Reporting by Alexander Winning; Editing by Olivia
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