OPINION | R11bn World Bank loan: A chance to ask what debt really means for vulnerable countries

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
0:00
play article
Subscribers can listen to this article
Sifiso Skenjana (supplied)
Sifiso Skenjana (supplied)

The World Bank recently approved a loan to South Africa to the tune of R11.4 billion, as part of its Covid-19 developing economy lending facility (development policy loan) reportedly to support the implementation of the economic reconstruction and recovery previously detailed by National Treasury and former finance minister Tito Mboweni.

This has sparked various questions about the Bretton Woods Institutions and the threat or value they bring in both the sovereignty and the fiscal sustainability of the country.

Support independent journalism
Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
15.90
-0.2%
Rand - Pound
19.84
-0.8%
Rand - Euro
16.80
-0.9%
Rand - Aus dollar
11.22
-1.1%
Rand - Yen
0.12
-0.8%
Gold
1,846.66
0.0%
Silver
21.76
0.0%
Palladium
1,970.00
0.0%
Platinum
958.50
0.0%
Brent Crude
112.55
+0.5%
Top 40
61,000
-1.2%
All Share
67,575
-1.0%
Resource 10
72,529
+1.6%
Industrial 25
72,948
-3.9%
Financial 15
15,746
+0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot