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IMF loans money to dictatorships whom they probably know enough to not trust. Money gets absconded/pocketed away due to corruption. Government gets overthrown
by scottiebarnes 5y ago
IMF loans money to dictatorships whom they probably know enough to not trust.
Money gets absconded/pocketed away due to corruption.
Government gets overthrown.
IMF says too bad, you still owe us money.
https://www.cadtm.org/World-Bank-and-IMF-support-to-dictatorships https://www.cadtm.org/World-Bank-and-IMF-support-to-dictator...
TLDR: there are geopolitics at play, the IMF does not just simply give out loans.
- FDSGSG 5y agoImportant detail to note is that the IMF does not profit from dictators running away with their money.