CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
IMF Executive Board Approves US$ 1.4 Billion in Emergency Financing Support to which country?
A
Sri Lanka
B
Pakistan
C
India
D
Ukraine
Explanation: 

Detailed explanation-1: -As part of this engagement, the Fund quickly disbursed US$1.4 billion in emergency financing to Ukraine in early March-making the IMF the first International Financial Institution to provide financing since the start of the war.

Detailed explanation-2: -March 13, 2022 The IMF approved $1.4 billion U.S. in emergency funding for Ukraine.

Detailed explanation-3: -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-4: -IMF Grants Ukraine USD 1.4 Billion in Emergency Financing.

Detailed explanation-5: -India’s quota in the IMF, which determines voting shares in the multi-lateral lending agency, is 2.75 per cent.

There is 1 question to complete.