I am not sure why your comment was downvoted. I thought it's well known how the IMF ruins countries and I feel the modus operandi of the IMF isn't that much different from perhaps what China is doing right now. Except, now it's not the Western world / the US (through the IMF) that indirectly is pulling the strings anymore.

I feel the Western world is not in a position to judge China in this while the IMF is preventing third world countries from developing through its policies in much the same way.

Read also this: http://www.globalissues.org/article/3/structural-adjustment-...