Why Did Investors Lend Little Money to Developing Countries Before

Why did investors lend little money to developing countries before 1965?

A) In general,there was little available international investment money.
B) Most countries had not repaid their debts during the Great Depression.
C) Investors wanted to lend money only to democracies,and most developing countries were dictatorships.
D) Until 1965 repayment guarantees applied only to loans made to developed countries.
E) There were no international financial institutions until 1965.