Tag: IMF

On 25 September 2024, The IMF approves a $7 billion loan for Pakistan to help its economy, with $____ billion being disbursed immediately.

A. $1 billion
B. $2 billion
C. $4 billion
D. None of these

Answer

Correct Answer: A. $1 billion


Detail About MCQs

At least 25 people have been killed and dozens have been injured in clashes between Shia and Sunni Muslim tribes in Kurram District, Khyber Pakhtunkhwa since September 20. The International Monetary Fund approves a $7 billion loan for Pakistan to help its economy, with $1 billion being disbursed immediately and the rest in installments over 37 months.

IMF to give ___ billion to Pakistan to boost its foreign exchange reserves and get some budgetary support in the wake of the economic slowdown due to the coronavirus pandemic.

A. $1.2bn
B. $1.4bn
C. $1.6bn
D. $1.8bn

Answer

Correct Answer: B. $1.4bn


Detailed About MCQs

The IMF plans on giving Pakistan $1.4 billion next week to Pakistan due to the coronavirus pandemic “to boost its foreign exchange reserves and get some budgetary support in the wake of the economic slowdown”, Arab News reported on Wednesday Apr 08 2020.