Match List-I with List-II and select the correct answer: List I List II a. Extended Fund Facility 1. 1986 b. Compensatory Financing Facility 2. 1963 c. Compensatory and Contingency Facility 3. 1988 d. Structural Adjustment Facility 4. 1974

The correct answer is: C. a-4, b-2, c-3, d-1

• The Extended Fund Facility (EFF) is a lending facility of the International Monetary Fund (IMF) that provides financial assistance to member countries with protracted balance of payments problems. The EFF was established in 1974 and is designed to help countries implement medium-term economic adjustment programs.
• The Compensatory Financing Facility (CFF) is a lending facility of the IMF that provides financial assistance to member countries that experience temporary shortfalls in export earnings or increases in import costs due to circumstances beyond their control. The CFF was established in 1963 and is designed to help countries meet their balance of payments needs during these difficult periods.
• The Compensatory and Contingency Facility (CCCF) is a lending facility of the IMF that provides financial assistance to member countries that experience sudden and large balance of payments shortfalls due to exogenous shocks. The CCCF was established in 1988 and is designed to help countries meet their balance of payments needs during these difficult periods.
• The Structural Adjustment Facility (SAF) was a lending facility of the IMF that provided financial assistance to member countries that were implementing structural adjustment programs. The SAF was established in 1986 and was replaced by the Poverty Reduction and Growth Facility (PRGF) in 1999.

The following table shows the correct match between List I and List II:

List I | List II
——- | ——–
a. Extended Fund Facility | 4
b. Compensatory Financing Facility | 2
c. Compensatory and Contingency Facility | 3
d. Structural Adjustment Facility | 1