2018
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Argentina
|
|
|
Greece
|
|
|
Ireland
|
|
|
Ukraine
|
Detailed explanation-1: -IMF approves $50 billion loan, later increased to $57 billion, to help Argentina’s economy in the face of destabilizing market conditions.
Detailed explanation-2: -Argentina is the biggest debtor to the IMF, with a total outstanding debt of $42.2bn. The country has had a long and troubled relationship with the IMF, with a history of equally spectacular fall-outs and bail-outs.
Detailed explanation-3: -Government of India’s immediate response was to secure an emergency loan of $2.2 billion from the International Monetary Fund by pledging 67 tons of India’s gold reserves as collateral security.
Detailed explanation-4: -On 1 March 1947, the IMF began its financial operations, and on 8 May France became the first country to borrow from it.
Detailed explanation-5: -Argentina’s 30-month EFF arrangement, with access of SDR 31.914 billion (equivalent to US$44 billion, or about 1000 percent of quota), was approved on March 25, 2022 (see Press Release No. 22/89).