In 2015, the World Bank agreed to give a loan of $650 m to Angola to help stabilise the economy. The Bank said Angola needed to have a fiscal policy that would encourage the diversification of its economy. Which policy would be consistent with this requirement?
- In 2015, the World Bank agreed to give a loan of $650 m to Angola to help stabilise the economy. The Bank said Angola needed to have a fiscal policy that would encourage the diversification of its economy. Which policy would be consistent with this requirement? A the lowering of interest rates to encourage investment in solar power B the relaxing of regulations to allow the development of a new hydro-power project C the spending of the loan supporting its oil industry after oil prices collapsed D the subsidising of a partnership with a French company to establish a chain of tourist hotels[1]
Mark scheme
Marking points from the official mark scheme (May/June 2017). The mark or mark type is shown in brackets.
- [1] D
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