Leticia is a small country that is experiencing a defi cit in its balance of payments. The value of Leticia’s currency is tied to the U.S. dollar, which has been appreciating. What options could the...

Leticia is a small country that is experiencing a defi cit in its balance of payments. The value of Leticia’s currency is tied to the U.S. dollar, which has been appreciating. What options could the IMF recommend to correct the imbalance in Leticia’s balance of payments?