When a nation takes a loan from the IMF or World Bank, there are a number of requirements the nation must satisfy. These conditions frequently consist of. There is no incorrect response.
A loan happens when one or more people, companies, or other entities lend money to other people, companies, or other entities. The recipient incurs a debt and is typically obligated to pay interest fees in addition to the principal amount borrowed until the obligation is settled. The documentation proving the debt typically include details such as the principle borrowed, the interest rate imposed by the lender, and the due date. When a loan is made, the subject asset are temporarily split between the lender and the borrower. The lender is encouraged to approve the loan by the interest payment.
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