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BTC107: The Real Impact of the IMF and World Bank w/ Alex Gladstein and Sam Callahan (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
What Are the Impacts of Structural Adjustment Loans?
The World Bank has been giving loans to poor countries with conditions attached. Conditions include currency devaluation, restrictions on government spending and favorable legal conditions from multinationals. So essentially, the structural adjustment policy was meant to squeeze the poor country by reducing consumption at the prioritization of exports. The debt service is just getting bigger and bigger and bigger.
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