Decline of IMF Conditional Lending
Which of the following factors best explains the decline in conditional lending programs from the International Monetary Fund (IMF) after the early 2000s?
A
Global adoption of communism reducing need for conditional loans
B
Implementation of trade sanctions against the IMF by major powers
C
Accumulation of foreign exchange reserves by emerging economies and creation of regional safety nets
D
Introduction of universal IMF grants without conditions
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