world_organizations hard Fill in the Blank

The IMF's Policy Support Instrument (PSI) provides non-financial policy advice and endorsement for countries that do not need or want IMF financing but seek to signal policy credibility to markets, donors, and the public through IMF _____ of their economic programs.

  1. approval
  2. endorsement
  3. funding
  4. audit

Answer: endorsement

PSI offers regular consultations and public statements of support for countries' home-grown reform programs. This 'seal of approval' can lower borrowing costs, attract investment, and strengthen domestic reform momentum without creating debt obligations.

Topic International Monetary Fund
Exam Relevance Banking, UPSC, SSC
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