What is the term for an arrangement between a borrowing nation and the International Monetary Fund where the country commits to reform its economic policies to encourage increased exports and reduce imports?
Explanation
A debt rescheduling agreement is a pact between a debtor country and the IMF in which the country agrees to modify its economic policies to boost export revenues and decrease import levels. This differs from other agreements such as debt repayment contracts, growth programs, or stabilization plans, which have distinct objectives.