They were advised that it was a good decision. Incidentally, their advisors ended up doing very well during the capitalist counterrevolution
History
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Naivety. They thought they could trust a smooth talking snake.
socialist countries took out loans from the IMF (Yugoslavia, Poland, Romania) even though there was an understanding that the IMF is a predatory organisation.
Was there?
Yes. I would say that in the 1980s there was already an understanding formed about the IMF's role in neo-colonial exploitation and also just considering the fact that the US is its most powerful member.