Alex Gladstein, Chief Strategy Officer of the Human Rights Foundation, wrote a critical book about the IM and World Bank in 2023 called Hidden Repression:

How the IMF and World Bank Sell Exploitation as Development. In the well-re-searched book, he summarized some of Cheryl Payer's work that described the primary reforms that the IMF requites when they hand out loans:

1. Currency devaluation.

2. Abolition or reduction of foreign exchange and import controls.

3. Shrinking of domestic bank credit.

4. Higher interest rates.

5. Increased taxes.

6. An end to consumer subsidies on food and energy.

7. Wage ceilings.

8. Restrictions on government spending, especially in healthcare and education.

9. Favorable legal conditions and incentives for multinational corporations.

10. Selling off state enterprises and claims on natural resources at fire sale prices.

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Broken Money