In the context of global economic governance, the 'Bridgetown Initiative' is associated with:
A.Only monetary-policy coordination among advanced economies
B.Only trade liberalisation
C.Proposals to reform the international financial architecture to better address climate vulnerability and development needs of small and vulnerable states
Explanation:
The Bridgetown Initiative, championed by Barbados, calls for major reforms of the global financial system—including debt relief, new liquidity instruments and scaled-up climate finance—to meet the needs of climate-vulnerable developing countries.
Explanation:
Priority Sector Lending targets sectors such as agriculture, micro, small and medium enterprises, education, housing, social infrastructure and renewable energy.
Explanation:
Dutch Disease describes the phenomenon whereby a boom in the natural resource sector leads to real exchange rate appreciation, making the manufacturing and other tradable sectors less competitive.
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