In a break from its practices of the past,the IMF waived away the requirement for tight monetary policies and cuts in public spending,when it helped bail Mexico out of the currency crisis in 1995.

Question

Quizplus · Accepted Answer

As is normal in such cases,the IMF insisted on tight monetary policies and further cuts in public spending,both of which helped push Mexico into a deep recession.

In a Break from Its Practices of the Past,the IMF