KfW Entwicklungsbank

The loans offered to the National Treasury's Metro Trading Services Reform Programme form part of France and Germany's Just Energy Transition commitments to this country, as the Metro Programme will contribute to the implementation of the municipal component of the Clean Energy Plan.

To talk us through the various countries' contributions, we've got Carla Rossebum, Senior Energy Expert at KfW Development Bank, joining us from Germany.

and then Camille Chenot is a senior project lead for urban development as well as municipalities at the French Development Agency.

We'll start in Germany and say good morning to you, Carla, and perhaps ask why your government and why your agency is helping South Africa in this way.

And what we can say is usually the performance-based approach is very impactful because it really gets the results on the ground.

of the program that are being implemented.

Let me say thank you very much to both you, Carla Roseboom, Senior Energy Expert at KfW Development Bank in Germany, as well as to you, Camille Chenot, the Senior Project Lead for Urban Development and Municipalities at the French Development Agency.

5.6 billion rand in concessional loans extended to national treasury's metro trading services reform program the national minister of finance in okinawa in a statement saying that the amount in concessional financing from kfw development bank and afd strengthens the government's broader program of support to improve the governance financial sustainability and operational performance of essential trading services in metropolitan municipalities Looking forward to seeing the outcome of this investment in the coming years.