current affairs MCQ #7512

What does EFF stand for in the context of IMF programmes?

current affairs MCQ #7512

  1. Question 1

    Q1. What does EFF stand for in the context of IMF programmes?

    • A) Emergency Fiscal Fund
    • B) Extended Fund Facility
    • C) Economic Financial Framework
    • D) Emergency Finance Facility

    Answer: Extended Fund Facility

    Explanation: EFF stands for Extended Fund Facility, the IMF's medium-to-long-term lending instrument for countries requiring structural adjustment programmes; Pakistan's 23rd IMF programme approved in July 2024 is an EFF.