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Re:El Salvador abandons Bitcoin as legal tender after failed... by culi on Monday February 03, 2025 @10:15PM (#42927357)
The very first IMF loan ever given was to France for reconstruction. One of the terms for the condition was to remove the only elected communist in their government from their position.

IMF loans have ALWAYS been political

Re:El Salvador abandons Bitcoin as legal tender after failed... by derektank on Monday February 03, 2025 @10:36PM (#42927544)
Arguably, both preconditions could have been simply intended to secure an eventual return on the loan. Having a communist in political leadership and allowing citizens to pay their taxes in Bitcoin both increase fiscal risk. I can understand the IMF wanting to reduce that risk as much as possible before providing a loan.
Re:El Salvador abandons Bitcoin as legal tender after failed... by wordofx on Monday February 03, 2025 @10:59PM (#42927720)
^ unsure why downvoting this as it’s 100% correct. IMF doesn’t hand out loans it doesn’t think will be paid back.

(This is where China swoops in and gives a loan at lower interest rates with shadow contracts to get the resources or assets)