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Ritalin comments on A website standard that is affordable to the poorest demographics in developing countries? - Less Wrong Discussion
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Here's a quick-and-dirty first things I found. Checking out peer-reviewed papers and other primary sources will take me a little more time.
Well none of those links contain examples of "economic and social disaster". The closest think to a concrete country that I could find in them was Greece. And even there the IMF/EU bailout did help, if only in a "kick the can down the road" kind of way. If any thing, from what I heard the problem in Greece is that the IMF wasn't insistent enough on structural reforms, instead going for a tax-increase heavy "austerity".