Which of the following countries was refused a second installment of its loan from the IMF in late 1990s for not meeting the conditions for fiscal reform as determined by the IMF?
A)The United States
B)Thailand
C)Mexico
D)Russia

Question

Quizplus · Accepted Answer

Russia was refused a second installment of its loan from the International Monetary Fund (IMF) in the late 1990s because it did not meet the conditions for fiscal reform as determined by the IMF. This was part of a broader financial crisis that Russia faced during this period, which included a default on domestic debt and devaluation of the ruble.

Which of the Following Countries Was Refused a Second Installment