Word: unrestraint
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Dates: during 2000-2009
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During the 1970s, creditors like the International Monetary Fund (IMF) and the World Bank were flush with “petrol dollars,” profits generated by the OPEC oil monopoly. In a display of remarkable unrestraint, these creditors pushed questionable loans on developing countries. Prominent among the loan recipients were a cast of unscrupulous dictators who used the easy cash to pad their Swiss bank accounts and repress their own citizens. Selfless leaders like Mubutu of Zaire, Marcos of the Philippines, Suharto of Indonesia, and Idi Amin of Uganda may no longer be in power, but thanks...