International financial instruments for lending
Question
"Rapid Financing Instrument" and "Rapid Credit Facility" are related to the provisions of lending by which one of the following?
Options
Asian Development Bank
International Monetary Fund
United Nations Environment Programme Finance Initiative
World Bank
Explanation
The Rapid Financing Instrument (RFI) and Rapid Credit Facility (RCF) are emergency financial assistance facilities provided by the International Monetary Fund (IMF) to member countries facing urgent balance of payments needs.
Answer: (b).
Question details
Year
2022
Paper
GS Paper 1
Question
Q1
Subject
Economy
Sub-topic
International Institutions & Organisations
Type
Factual single
Difficulty
Medium
Nature
Static
Source hint
IMF Emergency Financing Facilities / Rapid Credit Facility
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