Topic > Zimbabwe Case Study - 886

Unfortunately, the World Bank and the IMF are controlled by the richest countries in the world and there is no room for debtor countries, especially the poorest ones, to negotiate but accept all the conditions for receiving loans. However, there is a possibility that these international financial institutions could do something different than the borrowing countries if they wanted to, the question is whether they are willing to make some fundamental changes in their current lending policies: cutting the number of binding conditions they have attached to their loans. Stop imposing their own economic models and policies that could cause disputes on borrowing nations. Give borrowing countries the flexibility to spend loans on basic infrastructure and other crucial programs such as clean food, healthcare and education. Reduce restrictions and allow many poorer countries to access debt relief programs. Allow borrowing governments to adapt their economic policies to their development