IMF's Extended Fund Facility has been recently approved for which country?
Correct answer: C. Ukraine
- A. Pakistan
- B. Afghanistan
- C. Ukraine
- D. South Africa
Explanation
The IMF approved a multi-billion-dollar Extended Fund Facility for Ukraine in March 2023 to support its economy during the war. Pakistan received a Stand-By Arrangement in 2023, not this EFF at the time referred to.
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About Global Economy
Global economy covers growth, inflation, interest rates, exchange rates, public debt, trade and employment across major economies. It also includes the work of the IMF, World Bank, WTO and central banks, along with oil and commodity prices, supply-chain disruptions, sanctions, trade agreements and the economic effects of international crises.
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