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The IMF approved a loan of USD 2.9 billion to which country to tackle its economic crisis?
- a)Bangladesh
- b)Nepal
- c)Sri Lanka
- d)Pakistan
Correct answer is option 'C'. Can you explain this answer?
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The IMF approved a loan of USD 2.9 billion to which country to tackle ...
IMF Loan to Sri Lanka
The International Monetary Fund (IMF) approved a loan of USD 2.9 billion to Sri Lanka to help the country tackle its economic crisis.
Reason for the Loan
Sri Lanka has been facing economic challenges due to high levels of debt, low foreign exchange reserves, and a weakening currency. The loan from the IMF is aimed at stabilizing the country's economy and helping it address these issues.
Conditions of the Loan
The loan from the IMF to Sri Lanka comes with certain conditions that the country will need to meet. These conditions typically include implementing economic reforms, reducing government spending, and improving fiscal management.
Impact of the Loan
The IMF loan to Sri Lanka is expected to provide much-needed financial support to the country and help it navigate through its economic difficulties. It will also help restore investor confidence and stabilize the Sri Lankan economy.
Conclusion
The approval of the USD 2.9 billion loan from the IMF to Sri Lanka highlights the global recognition of the country's economic challenges and the need for external support to address them. This loan is expected to play a crucial role in helping Sri Lanka overcome its economic crisis and pave the way for sustainable growth in the future.
The International Monetary Fund (IMF) approved a loan of USD 2.9 billion to Sri Lanka to help the country tackle its economic crisis.
Reason for the Loan
Sri Lanka has been facing economic challenges due to high levels of debt, low foreign exchange reserves, and a weakening currency. The loan from the IMF is aimed at stabilizing the country's economy and helping it address these issues.
Conditions of the Loan
The loan from the IMF to Sri Lanka comes with certain conditions that the country will need to meet. These conditions typically include implementing economic reforms, reducing government spending, and improving fiscal management.
Impact of the Loan
The IMF loan to Sri Lanka is expected to provide much-needed financial support to the country and help it navigate through its economic difficulties. It will also help restore investor confidence and stabilize the Sri Lankan economy.
Conclusion
The approval of the USD 2.9 billion loan from the IMF to Sri Lanka highlights the global recognition of the country's economic challenges and the need for external support to address them. This loan is expected to play a crucial role in helping Sri Lanka overcome its economic crisis and pave the way for sustainable growth in the future.
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The IMF approved a loan of USD 2.9 billion to which country to tackle ...
Sri Lanka has reached a preliminary agreement with the International Monetary Fund for a loan of about USD 2.9 billion.
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The IMF approved a loan of USD 2.9 billion to which country to tackle its economic crisis?a)Bangladeshb)Nepalc)Sri Lankad)PakistanCorrect answer is option 'C'. Can you explain this answer?
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