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Shortly after 1979 World Bank introduced loans that emphasized reforms in trade, agriculture industry public enterprise financial energy education or other sectors and were known as ?

A. Structural adjustment loans

B. sectoral adjustment loans

C. internal adjustment loans

D. external leverage loans

Related Questions on The External Debt & Financial Crises Mcqs

The Baker plan (1985) stressed _______ and the Brady Plan (1989) emphasized _______ respectively?

A. IMF decentralization; World Bank dissolution

B. new loans from multilateral agencies and surplus countries; debt reduction or write-downs

C. structural adjustment loans for LDCs experiencing unanticipated external shocks; renewed emphases on macroeconomic stabilization programs

D. debt relief for at leas three-fourths of the eligible HIPCs; shorter requirements for adjustment programs

Which of the following statement is Not true ?

A. The ratio of debt service to GNP is very good indicator of the debt burden

B. Many large LDC debtors borrowed heavily because of their excellent international credit ratings

C. Middle income countries account for almost four-fifths of the total outstanding debt of all LDCs

D. The debt-burden of sub Saharan African countries may be as heavy as for middle income countries

The debt-service ratio is the______________?

A. long-term debt divided by GDP of a country in a given year

B. interest and principle payments divided by exports of goods and services

C. ratio of debt net of portfolio investment financing and foreign direct investment

D. default and reschedule debt minus annual export revenues that must be devoted to paying interest