current affairs MCQ #6952

What is the significance of the "3rd review" reference in the context of Pakistan's July 2024 IMF EFF approval?

current affairs MCQ #6952

  1. Question 1

    Q1. What is the significance of the "3rd review" reference in the context of Pakistan's July 2024 IMF EFF approval?

    • A) It was the 3rd loan tranche disbursed under the previous 2019 EFF
    • B) It refers to Pakistan's 3rd annual budget review submitted to the IMF
    • C) It means Pakistan passed 3 structural benchmarks before approval
    • D) The July 2024 approval was actually a new EFF program, not a review; the phrase sometimes refers to prior SBA reviews completed before transitioning to the new EFF

    Answer: The July 2024 approval was actually a new EFF program, not a review; the phrase sometimes refers to prior SBA reviews completed before transitioning to the new EFF

    Explanation: The July 2024 approval was a new $7 billion EFF programme; references to prior reviews relate to the completed 2023 Stand-By Arrangement reviews that were finished before Pakistan transitioned to the larger EFF.