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.
They were advised that it was a good decision. Incidentally, their advisors ended up doing very well during the capitalist counterrevolution