America’s indebtedness has not resulted in its economic collapse [partly because] the IMF and World Bank insist that the foreign exchange reserves other nations maintain to defend themselves from speculative attacks are held in the form of dollars.

These dollar reserves must be invested in assets in the United States, which boosts US capital accounts.

The poorer nations must pay around 18% interest on the dollars they borrow yet they lend them back to the US at 3%...

Not only are the IMF and World Bank helping to destroy the economies of weaker nations, but there are also helping to sustain the economic dominance of the United States

Monbiot  p155