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MattSh

(3,714 posts)
3. The IMF charter basically states that they can't...
Thu Feb 5, 2015, 10:18 AM
Feb 2015

although massive political pressure can come into play.

Reasons that the IMF are not supposed to lend...

1) Is there a plan that is likely to be implemented that will allow the IMF to get their money back? If they believe they will not be paid back in full, they are not supposed to lend. The only way the IMF could possible get paid back in full is if somebody else pays them back. (Yes, we're talking about taxpayers in the USA or the EU, although both of them would want the Russians to assist). Ukraine was a basket case when the first portion of the loan was given last year. The situation is much worse now. They basically bombed their industrial base back to the Stone Age.

2) Is there a war going on? If there's a war, they are not supposed to lend. Calling it something else does not mean it's not a war.

3) Does the country control their borders? This is a simple yes or no answer. If the answer is no, they are not supposed to lend. Yes but _____________ is not supposed to be an acceptable answer.

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