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In Business / High School | 2014-10-06

True or false?

West African coastal countries have borrowed money from the World Bank and the International Monetary Fund.

Asked by AlBellefontaine680

Answer (2)

West African countries along with many other developing countries have borrowed large sums of money from the World Bank and International Monetary Fund. These funds have become major lenders for development projects and for developing countries around the world.

Answered by Gibbs | 2024-06-10

West African coastal countries indeed have borrowed money from the World Bank and the IMF to fund development projects. This borrowing supports initiatives aimed at reducing poverty and improving economic growth. The financial assistance provided by these institutions is crucial for the development of these countries.
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Answered by Gibbs | 2025-06-12