In order to "roll over" Latin America's high external debts, international lenders like the IMF (the International Monetary Fund) promoted Neoliberal policies called "the Washington Consensus" where they: (choose the best answer) advised Latin American countries to keep their social spending at previous levels O advised the Latin American countries to stop making payments on their external debt O typically insisted on reductions in social spending O insisted on increased social spending

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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In order to "roll over" Latin America's high external debts, international lenders like
the IMF (the International Monetary Fund) promoted Neoliberal policies called "the
Washington Consensus" where they: (choose the best answer)
O advised Latin American countries to keep their social spending at previous levels
O advised the Latin American countries to stop making payments on their external debt
O typically insisted on reductions in social spending
O insisted on increased social spending
Transcribed Image Text:In order to "roll over" Latin America's high external debts, international lenders like the IMF (the International Monetary Fund) promoted Neoliberal policies called "the Washington Consensus" where they: (choose the best answer) O advised Latin American countries to keep their social spending at previous levels O advised the Latin American countries to stop making payments on their external debt O typically insisted on reductions in social spending O insisted on increased social spending
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