A country is said to be in a debt trap if: - Study24x7
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Vikram Singh
16 Mar 2019 10:15 AM study24x7 study24x7

A country is said to be in a debt trap if:

A

 it has to abide by the conditionalities imposed by the International Monetary Fund

B

 it has to borrow to make interest payments on outstanding loans

C

it has been refused loans or aid by creditors abroad

D

the World Bank charges a very high rate of interest on outstanding as well as new loans

SSC
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