The strategy of self-reliance as an alternative option to borrow from the IMF and the World Bank.

The economic effects of international organizations on developing countries have become multiple and serious, and have become a reality and tangible in the lives of individuals and governments in developing countries, as these organizations and behind them the major industrialized countries take advantage of the economic weakness of developing countries to enter through it in the lives of various developing peoples, and set harsh conditions in order to obtain loans and assistance needed by developing countries, which achieve the great interests of major industrialized countries. It is worth noting that the prescription of the IMF and the World Bank is identical, except that the IMF is in the short and medium term, while the prescription of the World Bank is in the long term, There is no doubt that their application to developing countries generates many problems, as the two prescriptions have led to the deterioration of economic conditions, thus inflating debt, and the required development has not been achieved, increasing poverty, spreading unemployment, increasing the number of sick people, and ignorance among the people. The 1989 report of the United Nations Conference on Trade and Development (UNCTAD) showed that there was a financial collapse in heavily indebted developing countries applying adjustment and adjustment programmes, which had occurred and was already occurring in developing countries. The economic effects of the IMF and the World Bank on the economic affairs of developing countries have been evident.