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I wonder why their developmental indicators are so poor? Perhaps it's because of NGOs like the IMF and World Bank and the loans they issue to these nations and

• alephnerd 8mo ago
  > IMF and World Bank and the loans they issue to these nations and the structural adjustments that keep these nations in cycles of poverty IMF led reforms in the 1990s are what allowed PRC, Vietnam, India, and Bangladesh to start breaking out of the cycle of poverty that trapped their then developmental peers like Kenya, Zimbabwe, and Pakistan. Also, the IMF and WB are not NGOs. Heck, countries like China and India are some of the largest shareholders in both. > I wonder why their developmental indicators are so poor Limited institutional capacity because most countries in the world were either in the midst of or recently ended major civil wars or conventional wars in the 1980s-90s.
  • tinfoilhatter 8mo ago
    Or it could be because of... https://www.jstor.org/stable/26363914 https://www.jstor.org/stable/26363914 Which is the situation that led to the conflict in Ukraine in 2013/14 - an IMF loan that was up for renewal with harsh structural adjustments. The IMF / WB consistently consult with NGOs and allow them to heavily influence their policies. You can point to four success stories of countries accepting IMF loans and recovering. There are 86 to 91 developing countries as of late 2025 that are still indebted to the IMF, especially in Africa. It's a monetary tool for Western hegemony. Pretending it's anything else is disingenuous.