Developing countries; it's time to wake up!

[Mate2237]

Developing countries has long been under grips of imf with these loans which are ment to keep these nations poor and manipulative. Developing nations has to wake up and they can't do that by taking loans from the world bank or imf. Waking up means these nations has to to look inward and propher solutions to themselves.


Developing countries should look at building technology, strengthen their economy with a view to becoming self sufficient on the long run. Because these loans given to them are ment to keep them the way they are.

[bettercrypto]

When developing and underdeveloped countries try to obtain loans from the IMF, they impose rules on the borrowers. Most of them involve inflation or policies to collect more taxes from ordinary citizens. Without foreign loans, developing and underdeveloped countries cannot stand up. Many countries need to borrow money to address their various problems and amend their financial laws to accept the financial policies they give.

Most of these policies are not made public, but the main responsibility for repaying the loan is on the citizens of the country. Increasing the interest rate on bank loans and imposing tariffs on various products and creating new tax revenue streams are mostly part of the conditions for taking IMF loans.

Bitcoin independent financial policy can be a hedge for a country's finances because, like the value of gold, Bitcoin is called digital gold.

here is no country that isn't facing inflation; almost all countries around the world are experiencing inflation problems. Now, if some countries decide to take out a loan from the IMF, it is still their discretion whether they are capable of paying back the money they will borrow.

And I haven't seen any country in the world that doesn't have debt to its fellow nations either. It probably just depends on how the country's leaders
will utilize the funds—if they will use it for the betterment of their economy. But if the leaders managing a country are corrupt,
that's where the problem will arise.

[Raflesia]

Institutions like the IMF have always had a lot to say about the fiscal policy of developing nations. They've always been keen to point out that a sound fiscal policy would go a long way to solving some of the issues with their economy.
Now on the flip side, the developed countries are now expanding their depth ceiling without even a reasonable cap. Does a prudent fiscal policy not apply to them?

The wake up call is in the fact that Bitcoin offers a level playing ground for this hypocrisy, where there is monetary security. One unit is one unit anywhere in the world!

Some of the instruments that exist in fiscal policy include taxes, government spending budgets and the important point is state debt.
I think we know that in the end, trying to do what we are doing now where inflation is rising and debt is being raised just because of the lure of advancing the economy will ultimately make the country fall further.

Indeed in the end when it is possible that good management can make this a little helped but the fact is for developing countries and even underdeveloped countries we can see that corruption, collusion and nepotism are still always a very strong charm so that whatever the country owes it is intended not to make the economy better but more used to enrich individuals or groups in power in the country.

[Dave1]

Institutions like the IMF have always had a lot to say about the fiscal policy of developing nations. They've always been keen to point out that a sound fiscal policy would go a long way to solving some of the issues with their economy.
Now on the flip side, the developed countries are now expanding their depth ceiling without even a reasonable cap. Does a prudent fiscal policy not apply to them?

The wake up call is in the fact that Bitcoin offers a level playing ground for this hypocrisy, where there is monetary security. One unit is one unit anywhere in the world!

Developing countries might have a long way to go though, I mean we all know that it's really very hard for them to move up if they don't have the money. And they can do that by borrowing from IMF. And it's not just very easy to just invest their money on Bitcoin without any consequences.

Sure they can but it should be a slow process to put it in their national reserve for any nation. El Salvador might have done it, but there is also some pressures from them to give up Bitcoin as a investment and even reports that they are not buying but just shifting away their Bitcoin to look likes they are buying.

[ImGenius]

We basically see the dual status of the IMF and the World Bank between developed and developing countries. On the one hand, developed countries are able to borrow as much as they want, the conditions on them are relaxed because their currency markets are stable.
On the other hand, in developing countries, due to instability in the currency markets and political and economic instability, the benefits of loans to these countries are less.
However, to solve these problems, I think developing countries should emphasize on alternative systems like Bitcoin.