"Since 1988 each debt relief scheme for the poorest countries results in another, always too late and always ill-adapted. It must not be forgotten that debt is much mroe than finnancial mechanism: it is a powerful instrument of dimination that for decades has allowed the leaders and big business of rich countries, with the complicity of the South's ruling class, to impose an economic model that serves their interests."

Toussaint and Millet, Debt, the IMF, and the World Bank, 2010