Need To Know News 18-09-12 Original post Cached copy China Is Granting Easy Loans to African Countries to Bankrupt Them And Use Their Debt to Capture Their Resources and Governments Need To Know News - 2018-09-12 - Original post - Cached copy The IMF is criticizing these actions but, ironically, it was the IMF itself, along with international companies headquartered in the West, that pioneered this tactic of national plunder decades ago.