Which one of the following assists a country through ‘Extended Fund Facility’, often talked about in news ?
[amp_mcq option1=”International Fund for Agricultural Development” option2=”International Monetary Fund” option3=”International Bank for Reconstruction and Development” option4=”United Nations Development Programme” correct=”option2″]
This question was previously asked in
UPSC CDS-2 – 2022
– It provides support to countries experiencing serious balance of payments problems due to structural issues that require a longer period to resolve.
– EFF arrangements are typically longer than Stand-By Arrangements and involve comprehensive structural reforms.
– The International Bank for Reconstruction and Development (IBRD) is the original component of the World Bank Group, providing loans to middle-income and poorer countries.
– The United Nations Development Programme (UNDP) is the UN’s global development network, focusing on development challenges.
– Only the IMF provides the EFF instrument for balance of payments support and structural reforms.