Which international financial institution provided a $7 billion loan to Pakistan prior to the World Bank's funding?
Correct answer: B. International Monetary Fund
- A. Asian Development Bank
- B. International Monetary Fund
- C. European Central Bank
- D. Islamic Development Bank
Explanation
The $7 billion financing arrangement came from the International Monetary Fund under Pakistan’s Extended Fund Facility. The World Bank’s later package was a separate development-financing commitment.
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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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