Was the IMF complicit in destroying the Romanian economy?
Upvote:9
The IMF wasn't complicit in it at all, it merely lent CeauΘescu's government money to invest in industrialisation - the investment of which which was mismanaged. Did CeauΘescu have to continue austerity measures despite the loans having been repaid to the IMF? IF so how is the IMF complicit? For demanding those loans be repaid?
Look to CeauΘescu's inefficient handling of government and industrial investment (and likely financial embezzlement) as the prime cause and not the IMF.
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