Because borrowing from the IMF is completely without any strings attached?
Comment on IMF warns of Maldives foreign debt crisis, after China borrowing
empireOfLove2@lemmy.dbzer0.com 5 months ago
China’s belt-and-road loans are significantly worse than those development loans handed out by the IMF/World Bank. Shorter payback terms and higher interest rates. Seems predatory and mostly meant to make developing countries specifically indebted to China…
olof@lemmy.ml 5 months ago
eskimofry@lemmy.world 5 months ago
I guess you are meaning to point out the same question i had, namely what did the IMF do to these nations that they are willingly subjecting themselves to China. It seems like more of the nastiness is hidden behind a veil of spreading democracy/prosperity
eskimofry@lemmy.world 5 months ago
Yet many countries are tripping and falling over trying to queue up for China’s loan. Why? Is the IMF/World bank not necessarily a good option? What goes on behind closed doors in these orgs?
Amaltheamannen@lemmy.ml 5 months ago
The IMF forces austerity and privitization.
eskimofry@lemmy.world 5 months ago
So its just an org that goes to bat for rich bastards. Ugh… I hate that
Nomecks@lemmy.ca 5 months ago
Politicians are cheap to bribe.