Match the items of List – I with those of List – II with regard to international monetary fund’s various schemes : Codes :List – I List – II a. Extended Fund Facility (EFF) i. Repayment period 4 to 10 years b. Stan Arrangements ii. Repayment period 3 to 5 years c. Supplemented Reserve Fund (SRF) iii. Repayment period 2 to 5 years d. Poverty Reduction and Growth Facility (PRGF) iv. Repayment period 10 years
IMF Schemes: List Matching Explained
This section details the matching between International Monetary Fund (IMF) schemes from List I and their respective repayment periods from List II, aligning with the provided correct answer.
List I: IMF Schemes Identification
- a. Extended Fund Facility (EFF)
- b. Stan Arrangements (Stand-By Arrangements)
- c. Supplemented Reserve Fund (SRF)
- d. Poverty Reduction and Growth Facility (PRGF)
List II: Repayment Periods Identification
- i. Repayment period 4 to 10 years
- ii. Repayment period 3 to 5 years
- iii. Repayment period 2 to 5 years
- iv. Repayment period 10 years
Scheme Repayment Period Matching Details
The process involves pairing each IMF scheme with its corresponding repayment timeframe:
- Extended Fund Facility (EFF) corresponds to a repayment period of 4 to 10 years (a-i). This facility offers medium-term balance of payments support.
- Stan Arrangements (Stand-By Arrangements) correspond to a repayment period of 3 to 5 years (b-ii). These are typically used for short-term needs.
- Supplemented Reserve Fund (SRF) corresponds to a repayment period of 2 to 5 years (c-iii). This was a facility providing temporary supplementary financing.
- Poverty Reduction and Growth Facility (PRGF) corresponds to a repayment period of 10 years (d-iv). This provided concessional loans to low-income countries.
Final Matched Code Presentation
Based on these pairings, the correct code is a-i, b-ii, c-iii, d-iv.
Important Questions from IMF
- IMF provides __________ assistance to correct the Balance of payment disequilibrium of member countries.
- Which one among the following is not correct ?
- Statement (I) : Developing countries can borrow more than their quota under Extended Fund Facility (EFF) of IMF.
Statement (II) : The Extended Fund Facility (EFF) was created in 1984 to help the developing countries over longer period upto 3 years.
