Answer:
The correct answer is excessive government spending and debt
Explanation:
The justification for this answer is that International Monetary Fund(IMF) as a credit-granting organization would want the nation that loan is granted to ,to strengthen its liquidity position by cutting down on excessive government spending so as to be able to use such reserved liquidity to service IMF loans.
Also, by cutting down on international indebtedness the country is able to repay IMF loans as at when due,compared to a situation of multiple debts which brings about default in servicing and repaying IMF loans
Privatization of state-owned assets is not a requirement as well as deregulation of the economy.
The same applies to elimination of restrictive import licensing.
