Most of the debt of the world's poorest countries is owed to
A) official lenders like IMF & World Bank.
B) resource-exporting MNCs.
C) East Asian governments.
D) East Asian export companies.
E) oil exporting governments.

Question

Quizplus · Accepted Answer

The debt of the world's poorest countries is mostly owed to official lenders like IMF & World Bank. These countries often rely on loans from these institutions to finance their development projects and support their economies. However, the debt burden can become unsustainable, leading to difficulties in meeting repayment obligations and hindering economic growth.

Most of the Debt of the World's Poorest Countries Is