As part of the deal with the IMF to renegotiate their debts after an inability to pay the interest on its foreign debt in 1982,Mexico was required to adopt which of the following measures?
A)Reduction of importation
B)Increase inflation to reduce the value of foreign debt
C)Increase domestic spending on programs aimed at bringing in the skilled workers needed to free them from the financial crisis
D)Export reduction

Question

Quizplus · Accepted Answer

The International Monetary Fund (IMF) typically requires countries to adopt measures that improve their balance of payments situation when renegotiating debts. Reducing imports is a common recommendation to decrease the outflow of foreign currency, helping to stabilize the country's financial situation.

As Part of the Deal with the IMF to Renegotiate