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> consider the IMF is mostly a lender of last resort Yep that's an important clarification indeed. The IMF is a nation's last resort, like loan sharks would b
by MonkeyClub 5y ago
> consider the IMF is mostly a lender of last resort
Yep that's an important clarification indeed.
The IMF is a nation's last resort, like loan sharks would be a person's.
The documentaries referenced above seem to draw a picture of the IMF as a financial hit squad.
Haven't watched the Jamaica one yet, will schedule it for the weekend, but I'll be very surprised if it doesn't speak about a pattern of devastating IMF requirements similar to those documented in the others.
- ChrisLomont 5y agoIt's good that you know what's better for countries than the countries themselves. You should volunteer to help them.
- DougN7 5y agoIf countries are in so much trouble they need the IMF they might not no better (or more likely, have the political options to do what is needed).