The Baker plan (1985) stressed _______ and the Brady Plan (1989) emphasized _______ respectively? A. IMF decentralization; World Bank dissolutionB. new loans from multilateral agencies and surplus countries; debt reduction or write-downs C. structural adjustment loans for LDCs experiencing unanticipated…
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.…
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 loansB. sectoral adjustment loans C. internal adjustment loans D. external…
Initial conditions in the year before the crisis in Thailand Indonesia Malaysia the Philipes and Korea in 1997 indicate that ? i. capital inflows/GDP were very low ii. Nonperforming bank loan ratios were high iii. current account deficits were high…
Which of the following country was not a major LDC debtor in 2001 ? A. Brazil B. Argentina C. ThailandD. Malaysia
The debt-service ratio is the______________? A. long-term debt divided by GDP of a country in a given yearB. interest and principle payments divided by exports of goods and services C. ratio of debt net of portfolio investment financing and foreign…
Which of the following is will NOT reduce capital flight from source countries ? A. dependable positive real interest ratesB. higher taxes on capital gains C. more efficient state enterprises D. market liberalization
Which of the following is Not true about external debt ? A. External debt accumulates with international balance on goods services and income deficcits B. When debts are denominated in U.S dollars their appreciation during the 1990s increased the cost…
In 1990, during the Persian Gulf War, the U.S government extended generous terms to two middle-income countries by canceling or reducing their debt The two countries were ? A. Iraq and IranB. Egypt and Poland C. Pakistan and Afghanistan D.…
Highly-indebted poor countries (HIPCs) include________________? I- Bolivia II- Benin III- Uganda IV- Tanzania A. I and II only B. I, II , III only C. I, III and IV onlyD. I, II , III and IV