South Africa Country Partnership Framework - for the period FY22-FY26 - June 24, 2021

Jul 19, 2026

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Country Partnership Framework with the Republic of South Africa for the period FY22–FY26 sets out the World Bank Group’s objectives, focus areas, and implementation approach. It reviews South Africa’s social, political, and economic context, including poverty, inequality, unemployment, and the expected impacts of COVID-19. The framework outlines partnership and financing arrangements across IBRD, IFC, and MIGA, and specifies program summary, financial management, procurement, monitoring, and evaluation, together with a risk management approach for delivering results.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages107

Reading Time4 h 30 min

Contents

I. Introduction

II. Country Context and Development Agenda

II.1 Social and Political Context

II.2 Recent Economic Developments

II.3 Poverty, Inequality and Unemployment Profile

II.4 Challenges to Accelerating Poverty Reduction and Boosting Shared Prosperity

III. World Bank Group Partnership Framework

III.1 Government Program and Medium-term Strategy

III.2 The WBG Country Partnership Framework

III.3 Focus Areas and Objectives Supported by the WBG Program

III.4 Implementing the CPF

IV. Managing Risks to the CPF Program

Annexures

Annex 1 Results Framework (FY22–FY26)

Pub lic Disclosure Authorized Pub lic Disclosure Authorized Pub lic Disclosure Authorized Pub lic Disclosure Authorized Country Partnership Framework with THE REPUBLIC OF SOUTH ~~ A ~~ F R~~ ~~ I ~~CA~~ for the period FY22–FY26 Country Partnership Framework with for the period FY22–FY26 June 24, 2021 ~~ ~~ ~~ ~~ ~~ ~~ IBRD ~~ ~~ Eastern and Southern Africa Region South Africa Country Management Unit The International Finance Corporation Middle East and Africa Region The Multilateral Investment Guarantee Agency The date of the last Performance and Learning Review was 1 February 2017. Currency Equivalents (Exchange rate effective as of June 17, 2021) Currency Unit = South African Rand 1.00 US$ = 14.0594 ZAR Fiscal Year 1 April–31 March IBRD IFC MIGA | Vice President: | Hafez M. H. Ghanem | Sergio Pimenta | Hiroshi Matano | | --- | --- | --- | --- | | Country Director / Director: | Marie Francoise Marie-Nelly | Kevin Njiraini | Merli Baroudi | | Task Team Leader: | Emmanuel Noubissie, | Adamou Labara, | Jessica Wade, Persephone Economou, | | | Asmeen Khan | Rajeev Gopal | Kassim Olanrewaju | Contents Acknowledgements vii Abbreviations and Acronyms viii I. INTRODUCTION 1 II. COUNTRY CONTEXT AND DEVELOPMENT AGENDA 5 II.1 . Social and Political Context 5 II.2 . Recent Economic Developments 7 II.2.1 . Dynamics of economic growth in South Africa 7 II.2.2 . Recent economic performance 9 II.2.3 . Medium-term Outlook 11 II.3 . Poverty, Inequality and Unemployment Profile 14 II.3.1 . Poverty is high, with racial, spatial and gender dimension 14 II.3.2 . Inequality is the highest in the world 16 II.3.3 . Unemployment is exceptionally high and persistent 17 II.3.4 . COVID-19 is projected to worsen poverty, inequality and unemployment 18 II.4 . Challenges to Accelerating Poverty Reduction and Boosting Shared Prosperity 19 II.4.1 . Insufficient skills (labor supply) 19 II.4.2 . The skewed distribution of land and productive assets, and weak property rights (land and capital markets) 21 II.4.3 . Exclusion in markets reduces competition and hurts SMEs 21 II.4.4 . Limited spatial connectivity and underserved historically disadvantaged settlements 22 II.4.5 . Climate shocks—transition to a low-carbon economy and growing water insecurity 23 II.4.6 . Governance as a cross-cutting constraint 23 II.4.7. Summary 24 III. WORLD BANK GROUP PARTNERSHIP FRAMEWORK 25 III.1 . Government Program and Medium-term Strategy 25 III.2 . The WBG Country Partnership Framework 26 III.2.1 . Lessons learned from past implementation and from consultations 27 III.2.2 . Alignment with Government’s priorities and SCD/CPSD Findings 28 III.2.3 . Comparative Advantages of the World Bank Group 30 III.3 . Focus Areas and Objectives Supported by the WBG Program 31 III.3.1 . Focus Area 1: Promote increased competition and improved business environment for sustainable growth 32 III.3.2 . Focus Area 2: Strengthen MSME performance and skills development to support job creation 39 III.3.3 . Focus Area 3: Improve the Infrastructure Investment Framework and Selected Infrastructure Services 44 III.3.4 . Cross-Cutting Themes 49 III.3.5 . Supporting Regional Integration 54 III.3.6 . Maintaining and Deepening the Knowledge Agenda 54 III.4 . Implementing the CPF 55 III.4.1 . Program Summary 55 III.4.2 . Financial Management 57 III.4.3 . Procurement 57 III.4.4 . Monitoring and Evaluation 58 III.4.5 . Partnership and Development Partner Coordination 58 IV. MANAGING RISKS TOTHE CPF PROGRAM 60 ANNEXURES 63 Annex 1 Results Framework (FY22–FY26) 64 Annex 2 IBRD Portfolio 73 Annex 3 IFC Portfolio 78 Annex 4 MIGA Portfolio 83 Annex 5 Development Partners 86 Annex 6 Whole-of-WBG Approach to Climate Change Engagement in South Africa 90 Boxes BOX II.1 South

FAQs

What period does the Country Partnership Framework cover?

The framework covers the period FY22–FY26.

Which main areas does the document analyze in South Africa’s context?

It addresses social and political context, recent economic developments, and a profile of poverty, inequality, and unemployment, including related challenges.

How does the framework propose to implement and manage the partnership program?

It includes program summary and sets out financial management, procurement, monitoring and evaluation, partnership coordination, and a risk management approach for the CPF program.

Jul 19, 2026

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