/int/ - International (1 reader)

A rich nation sees a resource in a poor nation that it requires, such as oil or raw materials for commodities.
The rich nation than arranges a loan to that nation with the World Bank. The World Bank provides these loans under conditions such as forced privatization and agreements that will benefit the global north.
Then in order to pay off this enormous debt, the poor nation then makes an agreement with the rich nation to sell that resource for very little.
It's a kind of debt trap. These debts give rich nations the power to impose policy on poor nations.