International Monetary Fund officials are heading to Ethiopia, where the authorities face a tough decision needed to win a bailout that’s key to restructuring the nation’s debt: whether or not to allow its currency to weaken and risk triggering higher inflation and social instability.
The Bretton Woods institutions were designed to assist the USA in its post-war project of global imperial hegemony. They were never meant to assist developing countries, quite the opposite, they were meant to assist the US and to a lesser extent western Europe to more efficiently extract resources and value from resource rich countries.