Question

The International Monetary Fund and the World Bank often make loans to developing countries contingent on those countries eliminating subsidies for their exports.​
True / False.

Answer 1

Answer:

FALSE

Explanation:

The International Monetary Fund and the World Bank are two very important institutions for the development of economies. These entities usually lend to promote sustainable development and to help economies in crisis, as was the case with Greece in 2008. The International Monetary Fund and World Bank try to promote free trade, but do not require the withdrawal of subsidies as a counterpart to their countries. Loans what these entities evaluate for lending is that economies adjust fiscal spending and implement money exactly for the development purposes outlined in the agreements.