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Developing countries use the money loaned to them from the IMF and the World Bank to address various economic challenges. They typically allocate the funds towards priority areas such as infrastructure development, poverty reduction programs, education, healthcare, and social welfare initiatives. The specific utilization is determined through consultation with the IMF and World Bank, aiming to promote sustainable economic growth and development in the borrowing country.

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9y ago

Most developing countries use the money loaned to them from the IMF and the World Bank to grow their economy, and to improve infrastructure development.

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Q: How do most developing countries use the money loaned to them from the IMF and the World Bank?
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Most developing countries use the money loaned to them from the IMF and the World Bank to grow their economy, and to improve infrastructure development.


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