This is also outlined by a guy who did this for a living - check out Confessions of an Economic Hit Man by John Perkins.
He outlined the CIA tactics used to take control over countries through debt. Basically he'd go to leaders and pitch the idea of helping them to develop/monetize their undeveloped resources.
He'd help them get World Bank/IMF loans to pay for the infrastructure. Everything would be inflated to ensure the leaders and their friends got rich, which mitigated any political resistance (Pay off foreign leaders, and they will give you whatever you like).
Now, saddled with debt and only partially developed infrastructure, the countries would have to make other concessions. These would include rights to the natural resources, the approval to locate a military base in the country in exchange for a cash bailout, etc. The country, still rich with undeveloped natural resources is now a debt slave nation, lead with wealthy oligarchs.
This is also outlined by a guy who did this for a living - check out Confessions of an Economic Hit Man by John Perkins.
He outlined the CIA tactics used to take control over countries through debt. Basically he'd go to leaders and pitch the idea of helping them to develop/monetize their undeveloped resources.
He'd help them get World Bank/IMF loans to pay for the infrastructure. Everything would be inflated to ensure the leaders and their friends got rich, which mitigated any political resistance (Pay off foreign leaders, and they will give you whatever you like).
Now, saddled with debt and only partially developed infrastructure, the countries would have to make other concessions. These would include rights to the natural resources, the approval to locate a military base in the country in exchange for a cash bailout, etc. The country, still rich with undeveloped natural resources is now a debt slave nation, lead with wealthy oligarchs.