To receive a loan from the IMF, a country must
agree to make economic reforms.
join the Group of 20.
agree to develop certain industries.
join the World Bank.
Answers
Answered by
14
The correct answer is option A.
To receive a loan from the IMF, a country must agree to make economic reforms.
This can be understood by the term conditionality where loan recieved from IMF has to follow the conditions associated with loans, debt relief and financial aid.
Such conditions are imposed in order to improve the economic condition of a country.
Answered by
5
To receive a loan from the IMF, a country must agree to make economic reforms.
Explanation:
- The World Bank & the IMF are twin inter-governmental pillars, called the Bretton Woods institutions, which underpin the structure of the financial & economic world order. Both have assumed increased roles & renewed appeals are issued to further expand their responsibilities, especially in the absence of a "single global financial agreement". Both institutions appear to have confusing/overlapping functions. However, while there are some similarities they are 2 different organisations with different roles.
- IMF credit seeks to give breathing space to na to implement "adjustment policies" that "restore conditions" for a sustainable & stable economy. These policies differ according to the situations of the nation. Generally, before the IMF provides the country with a lending scheme, the nation & the IMF should agree on an economic policy program. In several cases IMF lending forms part of a nation's commitments to specific policies, known as political conditionality.
To know more
How does the International Monetary Fund [IMF] function? - Brainly.in
https://brainly.in/question/16877252
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