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The Belt and Road and the developing world

The Bridge to China

CHAPTER

The Origins of IMF and World Bank

This chapter discusses the establishment of the IMF and World Bank after the Brenton Woods Conference in 1944 and how they were created to benefit the US. It explores their role in trapping global South countries in debt and the resulting political demands and austerity measures. The chapter argues that these institutions perpetuate a neo-colonial relationship with these countries.

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