The Conflict

Some of the poorest nations in the world are currently spending inordinate proportions of their revenues repaying debts to the IMF, World Bank, and other international lenders. The amount these nations owe is well beyond what they can pay, and their social systems, such as health and education, have suffered from cutbacks due to servicing debts. The IMF and the World Bank have loaned money to the developing nations to help them service their debts, but they require the nations to follow prescribed economic strategies. These strategies, according to critics, have been highly unsuccessful. Many developing nations are in a debt treadmill, forced to take new loans to service old ones or risk default and economic collapse.

Political