Both the World Bank and the IMF require that countries agree to practice ________ and hold down inflation.

Question

Quizplus · Accepted Answer

The World Bank and the IMF often require countries to agree to practice austerity measures as a condition for loans or financial assistance. Austerity involves policies aimed at reducing government budget deficits through spending cuts, tax increases, or a combination of both, and is often associated with efforts to keep inflation low.

Both the World Bank and the IMF Require That Countries