2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Egypt
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France
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Argentina
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Bulgaria
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Detailed explanation-1: -IMF approves deal with Egypt for USD 3 billion support package.
Detailed explanation-2: -Washington, DC: The Executive Board of the International Monetary Fund (IMF) approved a 46-month arrangement under the Extended Fund Facility (EFF) for Egypt in an amount of SDR 2, 350.17 million (equivalent to 115.4 percent of quota or about US$3 billion).
Detailed explanation-3: -Press Release: On December 16, 2022, the Executive Board of the International Monetary Fund (IMF) approves 46-month US$3 billion Extended Arrangement for Egypt.
Detailed explanation-4: -Doaa A. It also downgraded its expectations for the country’s real GDP growth in 2024 to 5 percent, down from 5.3 percent it expected in January. The IMF’s projections for the country’s GDP growth is below the government target of 4.1 percent set for the FY2023/2024, which starts 1 July.