Honestly they don’t even want the debts to be repaid, that’s the extra fucked up part. They’re poison pills, and repaying them would in effect purge the victim’s system and allow them to recover. The point is to cripple their economy and infrastructure and exploit their poverty to extract far more than the loans were ever worth.
IMF and World Bank are co-conspirators of robbing the citizens of poor nations with corrupt governance.
Repaying loans taken out by thieves would be rewarding their accomplices.
Strangely, there is no talk of holding bank execs accountable for their part in the theft.
Honestly they don’t even want the debts to be repaid, that’s the extra fucked up part. They’re poison pills, and repaying them would in effect purge the victim’s system and allow them to recover. The point is to cripple their economy and infrastructure and exploit their poverty to extract far more than the loans were ever worth.
Usury 101.
The plague of the world at many scales.