IMF or BRI?

The ongoing debate over global financing, particularly in the context of developing nations, often centers around accusations of debt-trap diplomacy, primarily directed at China’s Belt and Road Initiative (BRI). Critics argue that China lures poor, developing countries into unsustainable loans to pursue infrastructure projects, effectively trapping them in a cycle of debt and dependency. However, this critique frequently overlooks a crucial aspect: the role of the International Monetary Fund (IMF) in perpetuating a more insidious form of debt trap that has long plagued many nations.

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