world_organizations hard MCQ

Which IMF facility provides concessional financing to low-income countries through the Poverty Reduction and Growth Trust (PRGT), with zero interest rates and long repayment periods to support macroeconomic stability and pro-poor growth?

  1. Extended Credit Facility (ECF)
  2. Standby Credit Facility (SCF)
  3. Rapid Credit Facility (RCF)
  4. All of the above

Answer: All of the above

The PRGT offers three instruments: ECF for medium-term support with structural reforms; SCF for short-term balance of payments needs; RCF for urgent assistance without a program. All feature concessional terms, ensuring that debt sustainability is maintained while addressing development challenges.

Topic International Monetary Fund
Exam Relevance Banking, UPSC, SSC
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