Debt is political: Why wealth flows from poor to rich
Geopolitical Economy Report
The IMF's Role in Global Debt Dynamics
This chapter explores the contentious role of the IMF in extending loans to heavily indebted countries, highlighting how such practices can lead to financial neo-colonialism. It argues that creditor responsibility is paramount, suggesting a shift in focus toward debt restructuring and national sovereignty for indebted nations. The discussion culminates in a call for collaborative efforts among debtor countries to challenge the existing financial systems and advocate for alternatives.
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