I give you one counter-example: "As the IMF recommended, imports were reduced and exports were increased. The effect of the cuts in imports in Romania, a net i

I give you one counter-example: "As the IMF recommended, imports were reduced and exports were increased. The effect of the cuts in imports in Romania, a net importer of food from the West, was however not correctly estimated by the foreign analysts and it led to food shortages.[5] By 1986, it paid half its debt[3] and it finished paying its whole debt early in 1989, ahead of schedule. Nevertheless, the austerity policy continued even after all the debts had been paid." https://en.wikipedia.org/wiki/1980s_austerity_policy_in_Romania https://en.wikipedia.org/wiki/1980s_austerity_policy_in_Roma...