Current Political Affairs Of The World

Looking for Active Admin

Helo!!!.
U can upload articles, jornals related to International politics.

WHAT HAPPENS WHEN A COUNTRY FAILS TO PAY BACK LOAN TAKEN FROM IMF

Governments are like drunken monkeys. They always run the show in deficit and need a constant shot of debt. As long as they play by the rules, money keeps coming in to pay the deficit. However, the moment they attempt to default to their most powerful lenders, everything stops. Argentina and other countries that boldly declared that they would not pay to the IMF had to eventually kneel down and pay the loan with interest. Greece recently said they would "squeeze blood out of a stone" to repay the debt.

Everyone else stops lending to that country. That would force the government to drastically cut back on expenses, leading to domestic riots.
Foreign investors would quit the stock markets and eventually even direct investments would vanish. That would ransack the stock markets and destroy domestic companies. More unemployment and more riots.
The currency would fall like a rock.

When the currency falls that rapidly, the country would be unable to import essential goods. That would mean scarcity, poverty and riots.
Inflation would rapidly increase destroying savings and destroying wealth. More riots.
The riots and scarcity would destroy whatever remaining local companies.
The riots, currency and everything else would make the country and its leaders laughing stocks of the world.

There were some nations in the past that defaulted. All of their economies were ransacked and in the future if they want to grow they have to repay that loan. IMF never forgets its debt.

Source: What happens if Greece defaults on its International Monetary Fund loans?

Anyone who has been lending money for a long time has a bunch of things to keep their show running. Just as the hitmen hired by your local pawnbroker, IMF's economic hitmen would send a defaulting economy to stone age.

Finance and Development
Why IMF Loans Always Get Repaid
Ultimately they paid the IMF in full. Everyone pays. If you want to play in the international economy, if you want to have credit, if you want to have any kind of normal relationship with the outside world, you need to have a normal relationship with the IMF.

.If you don't pay back the IMF, the lender of the last resort to the world, then no one will lend you money. I mean really, no one.

Looking for Admin....

Confronting China: Lessons From an Ancient Indian Text Kautilya’s Arthasashtra provides a blueprint for responding to a rising China.

The Real Largest State Sponsor of Terrorism Saudi Arabia—not Iran—is the biggest state sponsor of terrorism in the world today and Wahhabism remains the source of most radical Islamic extremism. Fo...

Pakistan is More Happier Country than India (UN);

Pakistan has been ranked 80th while India stands at 122 in the World Happiness Report 2017. As far as the last year reports are concerned, Pakistan stood at 92 while India was placed at 118.

The World Happiness Report 2017 was released by the Sustainable Development Solutions Network (SDSN), a global initiative launched by the United Nations in 2012

"Happy countries are the ones that have a healthy balance of prosperity, as conventionally measured, and social capital, meaning a high degree of trust in a society, low inequality and confidence in government," Jeffrey Sachs, the director of the SDSN and a special advisor to the United Nations Secretary-General, explained the defination.

The list has been topped by Norway.

If Nelson Mandela really had won, he wouldn't be seen as a universal hero | Slavoj Žižek Slavoj Žižek: Mandela must have died a bitter man. To honour his legacy we should focus on the unfulfilled promises his leadership gave rise to