EXIM Bank of Korea signed loan of $80 million with Pakistan on___________?
Correct answer: B. 20 December 2019
- A. 1 December 2019
- B. 20 December 2019
- C. 17 December 2019
- D. 13 December 2019
Explanation
Korea’s EXIM Bank signed the $80 million loan agreement with Pakistan on 20 December 2019. The agreement was linked to development financing rather than a regular commercial bank facility.
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Pakistan’s economy is examined through GDP, inflation, taxation, public debt, foreign exchange, trade, remittances and the balance of payments. The federal budget includes revenue targets, expenditure, development allocations and fiscal policy, while monetary policy, the State Bank, IMF programmes and economic reforms explain wider financial developments.
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