What conditions were suggested by the international organizations for providing loans for developing nations?
Answer & explanation
Correct answer: option 2
The process of liberalisation also involved the taking of loans from international
institutions such as the International Monetary Fund (IMF). These loans are
given on certain conditions. The government makes commitments to pursue
certain kind of economic measures that involve a policy of structural adjustments.
These adjustments usually mean cuts in state expenditure on the social sector
such as health, education and social security