Countries experiencing balance-of-payments deficits can obtain short-term loans from the
A) World Bank.
B) Export-Import Bank of the World.
C) African Development Bank.
D) International Monetary Fund.
E) Multilateral Development Bank of Central and South America.

Question

Quizplus · Accepted Answer

Countries experiencing balance-of-payments deficits can obtain short-term loans from the International Monetary Fund (IMF). The IMF is a specialized agency of the United Nations that provides short-term loans and financial assistance to countries that are facing economic difficulties. The loans are usually granted with conditions that require the country to adopt economic policies that promote stability and growth. The other options, such as the World Bank and the African Development Bank, provide long-term development loans and support for infrastructure projects but are not designed to address short-term balance-of-payment deficits.

Countries Experiencing Balance-Of-Payments Deficits Can Obtain Short-Term Loans from the