| There is likely corruption throughout these governments too. They're getting loans at the expense of their citizens, often hurting the poorest the most. I'm not saying it's all the WB/IMF's fault, but helpful loans shouldn't carry conditions like these: - Cutting expenditures, also known as austerity. - Focusing economic output on direct export and resource extraction, - Devaluation of currencies, - Trade liberalisation, or lifting import and export restrictions, - Increasing the stability of investment (by supplementing foreign direct investment with the opening of domestic stock markets), - Balancing budgets and not overspending, - Removing price controls and state subsidies, - Privatization, or divestiture of all or part of state-owned enterprises, - Enhancing the rights of foreign investors vis-a-vis national laws, Source: https://en.wikipedia.org/wiki/International_Monetary_Fund#Co... |