PRETORIA, 6th July, 2025 (WAM) – The Board of Directors of the African Development Bank Group has approved a $474.6 million loan for South Africa's Infrastructure Governance and Green Growth Programme (IGGGP). This financing marks a significant milestone in the country’s transition toward a sustainable, low-carbon economy.
TV BRICS quoted Independent Online (IOL) as saying that this IGGGP is the second phase of the Bank's strategic support for South Africa's Just Energy Transition. It builds on the success of the US$300 million Energy Governance and Climate Resilience Programme, approved in 2023, which delivered key reforms that bolstered financial stability and increased renewable energy capacity.
Structured around three interconnected pillars: enhancing energy security through power sector restructuring, supporting a low-carbon and just transition, and improving transport efficiency – the IGGGP is designed to accelerate South Africa’s green transformation and promote inclusive, resilient growth.