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I'm not sure comparing China with the IMF will help your case; at least in my Western European country, the IMF is itself considered evil by many.
by icebraining 8y ago
I'm not sure comparing China with the IMF will help your case; at least in my Western European country, the IMF is itself considered evil by many.
- barry-cotter 8y agoMuch easier to blame the IMF than the fact that if you want to spend more than you take in in taxes you’re going to have inflation and currency depreciation unless you have capital controls. Also, the IMF doesn’t really lend large amounts of money to countries that can access global capital markets generally. Non-concessional lending is mostly for when no one will lend your country money because you’re not expected to be able to repay. Concessional lending is interest free so I struggle to see how they’re supposed to make money on that.
- werber 8y agoAmerican's are largely unaware of the IMF and World Bank. It's not something that is mentioned in any huge way. I'd be surprised if more than 15% of the country could give a broad definition of each organization.