2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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France
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Israel
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Afghanistan
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Pakistan
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Detailed explanation-1: -Cash-strapped Pakistan and the IMF on Thursday signed a staff-level agreement after tough parleys, unlocking over $1 billion loan tranche under Extended Fund Facility (EFF) for the country’s ailing economy.
Detailed explanation-2: -Pakistan joined IMF on 11 July 1950 as newly established country was facing fiscal problems since its creation in 1947 from British India. In 1958, for the first time, Pakistan went to IMF for bailout.
Detailed explanation-3: -The Pakistani government has made various economic modifications including hikes in fuel prices, raising taxes, and others demanded by the financial body for loans. The funds are part of a USD 6.5 billion bailout package the IMF approved in 2019–vital to Pakistan to avert defaulting on external payment obligations.