1.4bn seems cheap, and its a loan that presumably will be guaranteed. So for 1.4bn dollars the IMF gets to call the shots for an entire country's economy.
Im surprised we dont see more private indvs playing the role of WB.
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Im surprised we dont see more private indvs playing the role of WB.
That's why Chinese loans have been welcome for a lot of countries. they don't come with a lot of stipulations, such as removing subsidies for your farmers.