IAS Prelims Question 2022
IAS Prelims Question 2022 1- "Rapid Financing Instrument" and "Rapid Credit Facility" are related to the provisions of lending by which one of the following? (a) Asian Development Bank (b) International Monetary Fund (c) United Nations Environment Programme Finance Initiative (d) World Bank Ans. Both the "Rapid Financing Instrument" and the "Rapid Credit Facility" are related to the provisions of lending by the (b) International Monetary Fund (IMF). The International Monetary Fund (IMF) offers these financial instruments to provide rapid financial assistance to its member countries facing urgent balance of payments needs or economic crises. These facilities are designed to provide quick and flexible financial support to help countries stabilize their economies and address financial vulnerabilities. 1. Rapid Financing Instrument (RFI): The RFI is a financial instrument created by the IMF to provide quick and flexible financial assistance to