4 options, for the question below.)
A country is said to be in debt trap if
Options
It has to abide by the conditionality imposed by the International Monetary Fund
It is required to borrow money to make interest payments on outstanding loans
It has been refused loans or aid by creditors
O The World Bank charges a very high rate of interest on outstanding as well as new loans
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Answer: option B
Explanation:
It is required to borrow money to make interest payments on outstanding loans.
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