The World Bank Group in Washington. AFP/Eric Baradat
JOHANNESBURG - A $750-million policy development goal has been approved by the World Bank.
It will be used to improve efforts in South Africa's fight against COVID-19.
The main aim is to protect the vulnerable from adverse socio-economic effects of the pandemic.
National Treasury says the support comes at a critical time for the country.
It says it will help close the financial gap caused by the pandemic.
The funding is a low-interest loan intended to contribute to the government's fiscal relief package.