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this post was submitted on 25 Jun 2024
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Have any countries actually just said "We're not paying you back" to the IMF? I assume they'd be kicked out of trade organizations and whatnot but I'm curious if that might not be a better option...
See Correa, Rafael:
https://www.cadtm.org/Ecuador-s-poisoned-loans-from-the-World-Bank-and-the-IMF
Thanks, I'll give it a read later!
Interesting, so according to the articles there was no substantive backlash from the IMF/World Bank, though Lula's Brazil did exert enough pressure that they gave in on that specific bilateral debt. Still, the takeaway seems to be that it's definitely viable.
Out of curiosity, it claims that's a 3-part series but I can't find part 3. You know if it exists?
Sorry I have no clue whether or not it exists or not. It might be on the French side of the internet because the author is French, but I'm not sure.
No problem, thanks for the interesting read!
Ecuador during the 2000's/2010's, but I think Argentina and Brazil helped Ecuador so there was no backlash