Critics say IMF loans often hurt developing, poor countries

The International Monetary Fund has offered a rare critique of a domestic government's policy, panning the UK over its newly planned tax cuts. It's called on the British administration to reconsider the policy, saying it will fuel inequality.
The Washington-based lender has members across the globe and its primary aim is to stabilize the global economy. But it has regularly faced criticism of unfair lending practices that disadvantage poor nations. Let's look at how the IMF works and why its practices have been questioned.
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[@kayjr9795]

During asian financial crisis those that took IMF loans suffered

[@mohammadaiymanahmad1357]

Fact💀☠️

[@Aegon_Targaryen]

No one asked countries to take loan from IMF

[@MonicaSĪGÑofJõñãhYUNIS]

Yep... The Wicked just keep using their Satanic pressure sale's tactics against the vulnerable that by which they themselves brought people to utter destitution... bringing them to their knee's... Like hungry HELLHOUNDS waiting for them to Cave in to their SATANIC USURY DEBT ENSLAVEMENT SYSTEM!

[@netizencapet]

The problem is just that: the ppl cannot vote on them but then become the vassal serfs used to pay the sky high debt.

[@nicosoccer225]

In essence, your comment is simple, and true. In reality, your comment isn’t applicable to the real world; the governments decide to borrow on behalf of the people. The interest on the loan trickles down to the tax payer and the government continues their spending spree (lining their pockets) on behalf of increased taxes.

[@Tullzter]

don't take the loans then?

[@pod11th31]

Those who take loand and decide on how to spend are different people than those who are taxed to pay off the loan/suffer.

[@MonicaSĪGÑofJõñãhYUNIS]

Yep... The Wicked just keep using their Satanic pressure sale's tactics against the vulnerable that by which they themselves brought people to utter destitution... bringing them to their knee's... Like hungry HELLHOUNDS waiting for them to Cave in to their SATANIC USURY DEBT ENSLAVEMENT SYSTEM!

[@nicosoccer225]

In essence, your comment is simple, and true. In reality, your comment isn’t applicable to the real world; the governments decide to borrow on behalf of the people. The interest on the loan trickles down to the tax payer and the government continues their spending spree (lining their pockets) on behalf of increased taxes.

[@farazkhan7035]

very good journalism . keep up the good work.

[@oceanwave4502]

BRICS/SCO are the answer to such dilemma (getting or not getting debts from IMF).