CURRENT AFFAIRS

Detailed explanation-1: -B… 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. At the turn of the century, the IMF made $88.3bn available to bail out the country’s ailing economy.

Detailed explanation-2: -Pakistan Says IMF Approves $1.17 Billion Bailout to Avert Near-Term Default.

Detailed explanation-3: -IMF Approves Latest Tranches Of Loan Program For Pakistan.

Detailed explanation-4: -The correct answer is It grants loans to only member countries. International Monetary Fund (IMF): The formation of the IMF was initiated in 1944 at the Bretton Woods Conference. IMF came into operation on 27th December 1945 and is today an international organization that consists of 189 member countries.