Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
A country is said to be in debt trap if:
1) It has to abide by the conditionality imposed by the International Monetary Fund.
2) It is required to borrow money to make interest payments on outstanding loans.
3) It has been refused loans or aid by creditors.
4) The Word Bank Charges a very high rate of interest on outstanding as well as new loans.
The Correct answer is It is required to borrow money to make interest payments on outstanding loans.