During the 1990s, the importance of the IMF increased due to
A)the United States choosing to join in 1989.
B)its success in producing massive economic growth in China.
C)the United States' victory in the Persian Gulf War.
D)its efforts to reform communist countries and bring them more fully into the global capitalist economy.

Question

Quizplus · Accepted Answer

During the 1990s, the IMF played a crucial role in the economic transition of post-communist countries, such as Russia and Eastern Europe, by providing financial assistance and promoting market-oriented reforms. This led to the IMF's increased importance as a key institution in the global capitalist economy. The other options do not accurately reflect the IMF's increased importance during the 1990s.

During the 1990s, the Importance of the IMF Increased Due