Between 1972 and 1999,the majority of loans to HIPC countries went to regimes considered "not free," and between 1985 and 1995,to places that were considered "corrupt" by international organizations.

Question

Quizplus · Accepted Answer

This statement is true based on historical data and reports from international organizations. HIPC countries (Heavily Indebted Poor Countries) received loans from international financial institutions such as the World Bank and IMF (International Monetary Fund) between 1972 and 1999. Many of these countries had authoritarian or dictatorial regimes during that time, and corruption was also prevalent in some of them. Reports from organizations such as Transparency International documented the extent of corruption in some of these countries during the 1985-1995 period.

Between 1972 and 1999,the Majority of Loans to HIPC Countries