this post was submitted on 05 Sep 2024
114 points (93.8% liked)

World News

32510 readers
865 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] TheOubliette@lemmy.ml 5 points 3 months ago

The IMF also often includes terms that prevent food sovereignty, require food imports, and require anti-labor legislation.

IMF loans are used to shackle a country to the neoliberal world order. All it takes us a single right wing government to take on one or more loans and now every government for decades on has to deal with the terms and the debt that prevent the country from developing and gaining security.