CURRENT AFFAIRS

2023

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which country has been approved by the International Monetary Fund (IMF) for a 15.6-billion-dollar support package?
A
UAE
B
Kuwait
C
Australia
D
Ukraine
Explanation: 

Detailed explanation-1: -On Friday, the IMF approved a new four-year extended arrangement under the Extended Fund Facility (EFF) of around USD 15.6 billion as part of a USD 115 billion total support package for Ukraine.

Detailed explanation-2: -The IMF approved an unprecedented four-year, $15.6-billion program for Ukraine. While the program is a significant step toward ensuring the country’s economic stability, Ukraine must pursue several reforms for financing to continue. Meanwhile, the international community should make hard commitments beyond 2024.

Detailed explanation-3: -The countries that are not a part of the IMF are Cuba, North Korea, Monaco, Taiwan, Vatican City, and East Timor Liechtenstein.

Detailed explanation-4: -Argentina is the biggest debtor to the IMF, with a total outstanding debt of $46bn. Egypt is the second-largest debtor by amount, with an outstanding balance of $18bn. More items •28-Apr-2023

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