Sentences with phrase «world debtor countries»

This monetarist theory has guided Russian economic reform (and its quick bankruptcy) under Yeltsin and his oligarchy, as well as Chile's privatization (and early bankruptcy) under Gen. Pinochet, and the austerity programs (and subsequent bankruptcies and national resource sell offs) imposed by the IMF on third world debtor countries.

Not exact matches

Toward debtor countries American diplomats work through the World Bank and IMF to demand that debtors raise their interest rates and impose taxes and austerity programs to keep their wages low, sell off their public domain to pay their foreign debts, and deregulate their economy so as to enable foreign investors to privatize local electricity, telephone services and other infrastructure formerly provided at subsidized rates to help these economies grow.

The structural adjustment imposed by the IMF and the World Bank on debtor countries as a condition of aiding them to renegotiate their debts has transformed the relative power of governments and economic actors.

Saudi money may keep the country from becoming one of the world's chronic debtors, but in exchange the Saudis encourage Nigerian leaders to favor the causes of the country's Islamic population, and they take all available opportunities to build mosques.