Conditionality Refers to

question 73

Multiple Choice

Conditionality refers to

• A)the concept that the IMF will lend money on the condition that the country will not engage in politically unpopular policies.
• B)the concept that the IMF will lend money on the condition that the loan's principal is repaid.
• C)the concept that the IMF will lend money on the condition that interest payments will be maintained.
• D)the concept that the IMF will lend money on the condition that the country undertakes economic reform.
• E)the concept that the IMF will lend money on the condition that the country will also borrow from private banks.

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Definitions:

Restatement (Third) Of Torts

A set of model legal doctrines in the United States that seeks to clarify, modernize, and otherwise improve the law of torts, acting as guidelines or persuasive authority in court decisions.

Auditor Liability

Legal responsibility borne by auditors due to negligence or other failures in their auditing activities.

Restatement Rule

A principle in common law jurisdictions where courts follow authoritative summaries of the common law, often used for clarity and consistency in legal principles.

Third Parties

Individuals or entities that are not directly involved in a contract or legal agreement but may be affected by its outcome.