In September 1947, the fund began its first work, after the signing of the founding agreement, in which America had the upper hand, as it was the owner of the authority, and imposed its hegemony on the 44 member states, as they are the most in need of the rotation of the economy, and by 1969 44 were shocked An African country to the Fund's membership, to be able to obtain loans, these loans are followed by austerity policies paid by citizens of the borrowed countries.The IMF has already started in the 1980s and austerity programs were applied since the beginning of the nineties, which according to the Al -Ahram Center for Strategic Studies, the conditions of the state's withdrawal from all fields of the economy, the floating of the exchange rate, and the sale of the public sector, which was known as "privatization", which led to the displacement of thousands of workers , In addition to reducing the number of government employees, and reducing spending on the health and education sectors to replace the private sector in the state,For example, in 2002 Ghana removed the customs tariff on its food imports according to the instructions of the fund, and the result was dumping its markets with European products and severe damage to the farmers. Short only eight companies remain from these local companies. By Ghana and Zambia and with the same policies, Peru has reduced its customs definition on wheat imported from the United States, the country that provides its farmers annual support of forty billion per year, which damaged Peru farmers and pushed them to the production of coca used in the production of cocaine as a substitute for wheat. And when countries fail to pay the loans and their economic situation collapses, the process of the so -called economy piracy begins, so the process of obligating countries begins to implement their results procedures to destroy economic resources or facilitate the acquisition of some companies on these resources (for the purpose of their development) and here the state’s economic system becomes its resources under the control of the International Monetary Fund .. Or, more correctly, the countries most controlled by the International Monetary Fund reinforcing the criticism that the International Monetary Fund is only the liberal capitalist arm embodied in the United States of America and some other countries to impose their agenda on weak countries to facilitate control of their resources and their economies remain dependent and dependent on the global economic system.
