IMF as a car insurance

Sebastian Mallaby made a good point comparing IMF with a car insurance:

“Car insurance makes driving possible by pooling the cost of crashes. If I had to pay out of pocket any time I had an accident, I might never get behind the wheel; I would want to have 80 grand in the bank in case I totaled someone's Mercedes. But since the number of expensive cars that get smashed is actually quite small, I can deal with this risk cheaply by sharing it with other drivers. We all pay $5 weekly into the Mercedes fund, and suddenly there's no need for vast sums in the bank. I'm so much better off that I'm visiting the Mercedes showroom“.

IbnBattuta here: Since we don´t lend them money in their currency(we would loose money in case of inflation - sound familiar?) and they don’t trust IMF and World bank anymore, they have decided that they need the 80 grand in their bank account. Can we blame them?

We have failed both on the stability side and on the poverty alleviation. Is anyone really shocked that they don't trust us anymore?