cross-posted from: https://lemmygrad.ml/post/4415605

I noticed that several socialist countries took out loans from the IMF (Yugoslavia, Poland, Romania) even though there was an understanding that the IMF is a predatory organisation. I assume it is connected to the wave of liberalisation in the 1980s, but would be interested in a more concrete breakdown of the logic and context behind it, or articles/links on the topic.

  • footfaults [none/use name]@hexbear.netEnglish
    3·
    2 months ago

    I don’t have any facts to back this up but I would guess it would have to do with the USSR starting to show cracks and probably cutting their aid to other countries? It’s a full decade before they actually collapsed but maybe they were the countries they reduced aid to first