Multinational - Fifth Line of Credit to the Development Bank of Southern Africa Limited


Project Summary

Approval Date 03 Feb 2011
Signature Date 17 Oct 2011
Sovereign / Non-Sovereign Non Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 219,243,755.21
Status Implementation

Project General Description

The present project contemplates a US $ 300 million, ten-year, non-sovereign Line of Credit (LOC) to the Development Bank of Southern Africa (DBSA), to support infrastructure development in the Southern African Development Corporation (SADC) sub-region. The DBSA is wholly-owned by the Government of South Africa (GSA). It operates on a fully commercial basis. Its purpose is to accelerate sustainable socio-economic development by funding physical, social and economic infrastructure projects. Major sectors will include: (i) energy, transport, ICT, health, housing, ports, roads, and water and sanitation; (ii) infrastructure and related sub-projects in resource-based industries such as agri-business and mining; and (iii) manufacturing and infrastructure relating to tourism. Attention will also be given to regional and social infrastructure projects, which are facing new constraints due to the prevailing credit constraints in the financial markets.

Project Objectives

The project’s objective is to support the delivery of economic and social infrastructure and promote broad-based economic growth, job creation, regional integration and prosperity in the Southern African Development Corporation (SADC) region.

Beneficiaries

The main beneficiaries of the project are: the Government of South Africa (GoSA), the Development Bank of Southern Africa (DBSA) and Southern African Development Corporation (SADC) region.

Participating Organization

Funding
African Development Bank

Information

IATI identifier 46002-P-ZA-HAA-009
Last Update 31 Oct 2019

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Contact Details

Email private-sector@afdb.org

Geographic Location

Country South Africa
Coordinates Location Name
-25.9895 28.1284 Midrand