Which nation was not considered a significant debtor among less developed countries (LDCs) in 2001?

Multiple choice question for The External Debt and Financial Crises. Select an option, then review the explanation below.

Explanation

In 2001, Brazil, Argentina, and Thailand were recognized as major debtors among less developed countries, whereas Malaysia did not fall into this category.

Practice related questions from the same subject.

1.What were the primary focuses of the Baker Plan (1985) and the Brady Plan (1989), respectively?
2.Which of the following statements is incorrect?
3.Following 1979, the World Bank began offering loans that focused on reforms in areas such as trade, agriculture, industry, public enterprises, finance, energy, and education. What were these loans called?
4.Which of the following conditions were present in Thailand, Indonesia, Malaysia, the Philippines, and Korea during the year before the 1997 financial crisis?
5.What does the debt-service ratio represent?

Which nation was not considered a significant debtor among less developed countries (LDCs) in 2001?

Explanation

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