Which international institution is often viewed as a last resort for struggling less developed countries (LDCs)?

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2026-08-07 10:26

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The International Monetary Fund (IMF) is often viewed as a last resort for struggling less developed countries (LDCs). It provides financial assistance and policy advice to help stabilize economies, address balance of payments issues, and implement structural reforms. The IMF's programs are designed to restore economic stability and foster growth, but they often come with conditions aimed at ensuring fiscal discipline and sustainable development.

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