current affairs MCQ #6811

The 23rd IMF programme for Pakistan approved in July 2024 is which type of facility?

current affairs MCQ #6811

  1. Question 1

    Q1. The 23rd IMF programme for Pakistan approved in July 2024 is which type of facility?

    • A) Stand-By Arrangement
    • B) Rapid Financing Instrument
    • C) Extended Fund Facility
    • D) Resilience and Sustainability Facility

    Answer: Extended Fund Facility

    Explanation: The IMF's 23rd programme for Pakistan, approved in July 2024, is a 37-month Extended Fund Facility (EFF) worth SDR 5.32 billion (approximately $7 billion), focused on fiscal consolidation, energy sector reform, and structural economic adjustments.