Shortly after 1979 World Bank introduced loans that emphasized reforms in trade, agriculture industry public enterprise financial energy education or other sectors and were known as ?
Correct answer: B. sectoral adjustment loans
- A. Structural adjustment loans
- B. sectoral adjustment loans
- C. internal adjustment loans
- D. external leverage loans
Explanation
Sectoral adjustment loans were designed to support reforms in particular sectors such as agriculture, industry, energy, education, and public enterprises. This distinguishes them from broader structural adjustment loans covering economy-wide reforms.
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