Consider the following statements regarding Extended Fund Facility (EFF). The Extended Fund Facility (EFF) is a lending facility of the International Monetary Fund (IMF). It mainly provides assistance to countries for fulfilling developmental needs. Amounts drawn under an EFF can be repaid over 5 to 10 years in instalments.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer?

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Consider the following statements regarding Extended Fund Facility (EFF).

The Extended Fund Facility (EFF) is a lending facility of the International Monetary Fund (IMF).
It mainly provides assistance to countries for fulfilling developmental needs.
Amounts drawn under an EFF can be repaid over 5 to 10 years in instalments.

How many of the above statements are correct?

a)
Only one
b)
Only two
c)
All three
d)
None

Correct answer is option 'B'. Can you explain this answer?

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Most Upvoted Answer

Consider the following statements regarding Extended Fund Facility (EF...

Statement 2 is incorrect.

The EFF was established to provide assistance to countries experiencing serious payment imbalances because of structural impediments or slow growth and an inherently weak balance-of-payments position. An EFF provides support for comprehensive programs including the policies needed to correct structural imbalances over an extended period.

Extended arrangements are typically approved for periods of three years, but may be approved for periods as long as 4 years to implement deep and sustained structural reforms. Amounts drawn under an EFF are to be repaid over 4½–10 years in 12 equal semiannual installments.

As with other IMF lending, the size of borrowing under an EFF is guided by a country’s financing needs, capacity to repay, and track record with past use of IMF resources.

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Consider the following statements regarding Extended Fund Facility (EFF). The Extended Fund Facility (EFF) is a lending facility of the International Monetary Fund (IMF). It mainly provides assistance to countries for fulfilling developmental needs. Amounts drawn under an EFF can be repaid over 5 to 10 years in instalments.Which of the above statements is/are correct?

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Consider the following statements regarding Extended Fund Facility (EFF). The Extended Fund Facility (EFF) is a lending facility of the International Monetary Fund (IMF). It mainly provides assistance to countries for fulfilling developmental needs. Amounts drawn under an EFF can be repaid over 5 to 10 years in instalments.How many of the above statements are correct?a)Only oneb)Only twoc)All threed)NoneCorrect answer is option 'B'. Can you explain this answer?

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