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Anonymous
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Asked: 2022-12-19T02:12:05+05:30 In:

“Rapid Financing Instrument” and “Rapid Credit Facility” are related to the provisions of lending by which one of the following?

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“Rapid Financing Instrument” and “Rapid Credit Facility” are related to the provisions of lending by which one of the following?

Poll Results

0%(a) Asian Development Bank ( 0 voters )
100%(b) International Monetary Fund ( 2 voters )
0%(c) World Bank ( 0 voters )
0%(d) United Nations Environment Programme Finance Initiative ( 0 voters )
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1 Answer

  1. Anonymous

    Ans (b) International Monetary Fund (IMF)

    The Rapid Financing Instrument (RFI) provides rapid financial assistance to all member countries facing an urgent balance of payments need. The RFI was created as part of a broader reform to make the IMF’s financial support more flexible to address the diverse needs of member countries.

    Rapid Credit Facility (RCF) provides rapid concessional financial assistance to low-income countries (LICs) facing an urgent balance of payments need with no ex-post conditionality where a full-fledged economic program is neither necessary nor feasible. The RCF was created under the Poverty Reduction and Growth Trust (PRGT) as part of a broader reform to make the IMF’s financial support more flexible and better tailored to the diverse needs of LICs, including in times of crisis.

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