Which of the following is an important criterion to be fulfilled by the countries to avail a loan from the IMF?

Repay the loan in a short period of time.

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Repay the loan with a notably higher rate of interest.

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Agree and implement the conditions put forth by the IMF.

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Spend the whole loan amount on public welfare programmes.

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Solution

The correct option is C Agree and implement the conditions put forth by the IMF.

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