# The EFF expresses concern about the rising trend of foreign-denominated loans, particularly when there is sufficient liquidity in the domestic financial market. This comes as the government has signed a 27-billion-rand loan agreement with the World Bank to bolster infrastructure spending and support structural reforms. The EFF says South Africa’s debt-service costs have ballooned to over 426-billion-rand per year, but the National Treasury has failed to ensure that this debt translates into jobs or public infrastructure benefits. It adds that these loans appear politically motivated.
EFF is concerned by the rising trend of foreign-denominated loans