The IMF has imposed policy plans through their leverage on countries knowingly the policy would have adverse effects in their economies and population. This was

The IMF has imposed policy plans through their leverage on countries knowingly the policy would have adverse effects in their economies and population. This was admitted by Christine Largarde and denounced by Varoufakis in the Greece Debt crisis. In Argentina, the IMF gave a pro-US government unfettered amounts of money to spend politically the face of elections, but with a debt maturity so short (4 years) and an unfeasible economic plan that the country was into default again 2 years later, and is still trying to renegotiate the balance of that debt. The IMF existence is pure moral hazard, and even though Argentina would suffer greatly from default its IMF debt, part of me wants them to suffer the consequences of bad lending as well, for the which they never paid a price for politically or institutionally.