https://www.globalresearch.ca/neoliberalism-and-the-new-world-order-imf-world-bank-reforms/5572157

Michel Chossudovsky: That’s a very important question and it really has to do with monetary policy. Monetary policy really defines the sovereignty of a country. It’s the ability of a country to actually finance its own development through lending to the private sector, the building of public infrastructure and so on. To do that, you have to be able to increase the levels of internal debt. We do it in the United States and Canada and so on. We use debt operations to fund the infrastructure, roads, schools and hospitals