@tootbrute When the IMF extends a loan, the majority of that money flows back to Western corporations, while the people in Ecuador are merely thrown into more debt bondage by their corrupt politicians. So this is not exactly a cash gift from the US. It's just a big fat carrot for Moreno to stay in power for longer by way of him using part of the money for unsustainable programs.

@tootbrute Rule of thumb: never ever take out an IMF loan.

Yes it seems USA as guilty of debt trap diplomacy as China.

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