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This is an ignorant take. The IMF wants to make loans to put the countries under debt. The debt is then used for political leverage. This has played out again a
by sfjailbird 4y ago
This is an ignorant take. The IMF wants to make loans to put the countries under debt. The debt is then used for political leverage. This has played out again and again for decades.
The IMF is happy to provide loans that they know can not be paid back, and they routinely allow corrupt officials to get juicy benefits from entering into those deals. The book Confessions of an Economic Hitman is a very sober expose on this process, written by a former IMF official who took part in it.
- throwaway2990 4y ago[dead]