The proposed operation is for an ADB Loan of Two billion three hundred million South African Rand (2.3 billion ZAR), to the Republic of Namibia to finance the second Phase of the Governance and Economic Recovery Support Program (GERSP II). The GERSP is designed as a programmatic series of two consecutive General Budget Support (GBS) operations covering the fiscal years 2021/22-2022/23 for total indicative financing of 3.8 billion Rand. This second phase follows Board approval of the first phase on 17 March 2021 for an amount of 1.5 billion Rand and subsequent implementation of the related program measures. The processing of this second phase of the operation (GERSP II) was made possible by the satisfactory implementation of the first phase in accordance with the Bank's PBO policy. GERP-II maintains the same three mutually reinforcing and complementary components of GERP-I. Component 1, Attaining Fiscal Sustainability; Component 2, Supporting Private sector-led Agriculture and Industrial Sector Transformation; Component 3, Enhancing Economic and Social Inclusion. The project primarily contributes to climate adaptation results. As such, 34% of the total approved amount is attributed as climate finance, of which 46 million USD is dedicated to adaptation.

Namibia

African Development Bank Group

Africa Southern Africa Sub-Saharan Africa

Construction Energy-Power and Electrical Computer Hardwares and Consumables

N/A

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