Current Affairs · International Financial Institutions
Consider the mechanism of financial assistance provided by the International Monetary Fund (IMF). If a member country facing a severe balance of payments crisis due to an unforeseen external shock (such as a sudden and sharp drop in the price of its main export commodity) seeks quick, low-conditionality financing, which of the following lending facilities would be the most appropriate and likely facility to be deployed?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Poverty Reduction and Growth Trust (PRGT)
- 2Rapid Financing Instrument (RFI)✓
- 3Stand-By Arrangement (SBA)
- 4Extended Fund Facility (EFF)
Correct answer
Rapid Financing Instrument (RFI)
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