In May 2020,The World Bank restored Pakistan's budgetary support after four years by approving a policy loan of__________?
Correct answer: D. $500 Million
- A. $250 Million
- B. $350 Million
- C. $450 Million
- D. $500 Million
Explanation
The World Bank approved a $500 million policy loan, restoring budgetary support after a four-year gap. The amount was policy-based financing rather than a general announcement of aid without a loan programme.
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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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