As Part of the Deal with the IMF to Renegotiate

question 2

Multiple Choice

As part of the deal with the IMF to renegotiate their debts after an inability to pay the interest on its foreign debt in 1982,Mexico was required to adopt which of the following measures?

• A)Reduction of importation
• B)Increase inflation to reduce the value of foreign debt
• C)Increase domestic spending on programs aimed at bringing in the skilled workers needed to free them from the financial crisis
• D)Export reduction

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Definitions:

International Aid

Financial or material assistance provided by countries or international organizations to support development or relief efforts in other countries.

Relative Worth

refers to the value or importance of something in comparison to other things, often in contexts of evaluating contributions or rewards.

Development Aid

Financial aid given by governments and other agencies to support the economic, environmental, social, and political development of developing countries.

United Nations

An international organization founded in 1945, designed to promote peace, security, and cooperation among the world's nations.