The IMF Loans Trap Poor Nations: How IMF Controls Countries Without War
The IMF Loans Trap the Poor Nations: The Economic Weapon of Mass Destruction that Rules Nations without a War. Introduction: Borrowing That Massachusetts Like Assistance but Performs Like Chains. Powerful countries in the modern world no longer require armies to rule the weaker countries, as a new system with the financial institutions such as the International monetary fund (IMF) has made it so that money is provided as help but taken back as a control over time making sovereign countries to be turned into policy dependent countries whose economic choices are no longer made by their elective governments but by the external financial bodies. What Are IMF Loans and Why Do Nations accept them? IMF loans can be defined as financial support schemes provided to the countries with dire economic situations like deficits in the balance of payments, currency crisis, escalating inflation, or the inability to pay the foreign debt, and even though the loans are formally aimed at stabilizing th...