The biggest problem faced by less developed countries in financing development is
A) trade negotiations with more developed countries.
B) identifying unique economic assets.
C) inability to repay loans.
D) promoting dependency.
E) currency inflation.

Question

Quizplus · Accepted Answer

The inability to repay loans is a significant issue faced by less developed countries in financing development. Many of these countries rely heavily on foreign aid and loans to finance their development projects. However, if they are unable to repay these loans, it can lead to a debt crisis and hinder their ability to continue to develop. This cycle can create a significant obstacle for these countries in achieving sustained economic growth.

The Biggest Problem Faced by Less Developed Countries in Financing