Exactly this. They're binding poor countries to the $ ad aeternum.

Fabs

The loans are structured to enslave the nations that take them. 

The current government of El Salvador did not enter the debt contracts which have forced the current El Salvador government to accept the terms imposed by the IMF.

The IMF is a major organ of the Fiat Debt Slavery Bankers Cartel.

I understand that and the IMF and others are also devils causing perverse situations. I'll just say this one more time, who asked for and accepted the terms of the loans?

0xbitcoiner

The IMF and World Bank were created to help countries survive financial crises and to help them develop into prosperous economic actors. But their 75-year track record shows that their loans and structural adjustment policies have plunged poor countries into impossibly large debt traps and forced the Third World to focus on producing goods for consumption in the West, instead of growing consumption and industry at home. The Bank and the Fund’s “development and assistance” has been anything but. The reality is a history of neocolonial exploitation with shocking results.

bitcoin

IWF bought El Salvador into submission: Bitcoin's no legal tender anymore.

> Who fucked up to need a loan?

Alex Gladstein wrote [a book](https://www.goodreads.com/en/book/show/131127195) about that:

> The IMF and World Bank were created to help countries survive financial crises and to help them develop into prosperous economic actors. But their 75-year track record shows that their loans and structural adjustment policies have plunged poor countries into impossibly large debt traps and forced the Third World to focus on producing goods for consumption in the West, instead of growing consumption and industry at home. The Bank and the Fund’s “development and assistance” has been anything but. The reality is a history of neocolonial exploitation with shocking results.