New Development Bank grants SA $1bn emergency loan, looks to expand membership

South Africa has been granted a 1 billion dollar loan from the Brics New Development Bank. This is to support the country’s economic recovery from the Covid-19 pandemic. This is despite the country’s alarming debt to GDP ratio of almost 83 per cent. But we want to know what the banks plans for the rest of the continet which has also been struck by the pandemic. Joining CNBC Africa is Monale Ratsoma, Director General for the New Development Bank: Africa Regional Centre.

Mon Apr 12 2021 | 11:21:40 GMT+0000 (Coordinated Universal Time)


Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.