Current Affairs - International - Discussion

Discussion Forum : International - Latest Current Affairs (Q.No. 1202)

2023-07-14 International

1202.

Which country received final IMF approval for a USD 3-billion loan under a stand-by arrangement?

Afghanistan

Pakistan

Switzerland

Spain

Answer: Option

Explanation:

The IMF Executive Board approved a USD 3-billion Stand-By Arrangement for Pakistan. The economic reform program aims to support immediate efforts to stabilize the economy and guard against shocks while creating space for social and development spending.