User:Floracho/sandbox

International Monetary Fund (IMF) is the symptom and the cause of imperialism. Which is embedded in our daily lives: unavoidable and authoritative. IMF is an organization found in 1945 in Washington, D.C. which provides loans and financial guidances to countries in economic crisis. IMF's major interventions are 1998 Asian Financial Crisis and 2010 Greek Government-debt Crisis. IMF's conditionality of loans include structural adjustments listed in the Washington consensus which contributes to greater disparity between the LEDCs and the MEDCs. Accordingly, the Western nations and multinational corporations become more dominant in the global economy, shaping the market in their favour. Hence, IMF can be regarded as expansion of Western imperialism.