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UPSC CSE 2022 · PYQ · International Organizations · medium

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

  1. A.World Bank
  2. B.Asian Development Bank
  3. C.International Monetary Fund✓ Correct
  4. D.United Nations Environment Programme Finance Initiative

Explanation

The Rapid Financing Instrument (RFI) and Rapid Credit Facility (RCF) are emergency lending instruments of the International Monetary Fund (IMF) to provide rapid financial assistance to member countries facing urgent balance of payment needs.
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