‘There is no such thing as free money’: Vavi demands transparency on South Africa’s World Bank loan
National Treasury said this is the fourth Development Policy Loan South Africa has secured from the World Bank as part of the country’s ongoing partnership with the lender.” “Economic policy in South Africa must be determined by its people through their democratic institutions – not by unelected officials sitting in Washington or by international financial institutions acting primarily in the interests of global finance.
More details about the loan According to the South African government, the loan is expected to create more than 600 000 job opportunities and will address the country’s infrastructure backlog.
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