To balance its budget, the government of Zimbabwe borrowed large amounts of money in world markets.

Name: To balance its budget, the government of Zimbabwe borrowed large amounts of money in world markets.
Brand: Quizplus
Rating: 4.9 (61 reviews)

Question

Quizplus · Accepted Answer

The government of Zimbabwe struggled with a large budget deficit and hyperinflation in the 2000s, but it was largely cut off from international borrowing due to its high risk profile. Instead, it resorted to printing money, which contributed to further economic instability.

To Balance Its Budget, the Government of Zimbabwe Borrowed Large