current affairs MCQ #6005

The IMF bailout programme secured by Pakistan in 2023 was primarily aimed at:

current affairs MCQ #6005

  1. Question 1

    Q1. The IMF bailout programme secured by Pakistan in 2023 was primarily aimed at:

    • A) Funding new development infrastructure projects
    • B) Increasing defence expenditure capabilities
    • C) Stabilising the economy and preventing a sovereign default
    • D) Directly funding education and health sectors

    Answer: Stabilising the economy and preventing a sovereign default

    Explanation: Pakistan's 2023 IMF Stand-By Arrangement of approximately $3 billion was primarily aimed at stabilising foreign reserves and preventing a sovereign default amid an acute balance-of-payments crisis.