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@Uncle_Thaps • 6,065 subscribers
Tell no lies.
Videos
I bumped into this video from Songezo on tiktok about SA's recent World Bank Loan. A couple of things need to be clarified here. The loan is not about direct investment on the said infrastructure (not a single watt will be added to the grid, not a single km of rail will be added), is it a loan to support PSP policies around the future of SOE's and forced energy transition. He says the loans, provide cheaper interest than local loans, this is not correct WB loans are foreign currency loans with interest normally higher than in the market where the loan is sourced. Compared to local interest they may look cheap but they are not because you can't control $ movements and access. Lastly World Bank loans come with conditionalities that strips the country of fiscal and monetary sovereignity. Any serious country won't allow that.
T85,974 次观看 • 1 年前
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