Question

Which of the following statements about loans from the IMF and World Bank is false?
A. Corrupt leaders often embezzle funds, but countries must repay the money anyway, even after the leader is removed from office.
B. Loans never are spent in ways that benefit economic growth.
C. Loan requirements may force nations to cut spending on social programs, including health care and education.
D. Required debt payments sometimes exceed annual Gross Domestic Product.