How international financial systems led to …

a. With reference to your query , it is important for you to understand the context of debt crisis that occurred in the 1970's.
b. It is not that these international financial institutions like IMF ,and World Bank led to severe debt crisis in the Third World countries.
c. These institutions did offer loans to the developing world to assist them in development.
d. Debt  crisis of the developing nations was the result of the interplay of market forces and global factors.
e. It can be attributed to the oil crisis that surfaces in 1973-74 whereby there was increase in the price of oil, putting an excessive burden on the economies of the Third World .
f. The increased demand for oil from the developing nations to support their industrial development and other needs, plus the increased prices of oil and limited supply from OPEC countries, compelled the developing nations to borrow from commercial banks .