ISAAH MHLANGA: Ideological knee-jerk rejection of World Bank loans is so last century
Not only do the loans come at a favourable interest rate, they are accompanied by the kind of scrutiny that corrupt South Africans need
There is grave misunderstanding in sections of our society about the meaning and utility of loans from the World Bank, and developmental institutions in general. Much of the commentary on the World Bank is frozen in time.
It fails to grasp that SA is a member of the World Bank and has a right to access the resources at the disposal of the World Bank, including financial and knowledge services...