All Courses
Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity Get the App Login Join for Free
Sign in Open App
Bank Exams Exam  >  Bank Exams Questions  >  Which country recently received the approval ... Start Learning for Free
SaveJoin the Discussion on the App
Which country recently received the approval of the second tranche of around $337 million from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF)?
  • a)
    Bangladesh
  • b)
    Sri Lanka
  • c)
    Pakistan
  • d)
    Myanmar
Correct answer is option 'B'. Can you explain this answer?
FREE This question is part of
Download PDF Attempt Test
Download PDF Attempt this Test
Most Upvoted Answer
Which country recently received the approval of the second tranche of ...
Sri Lanka secured approval from the IMF for the second tranche of $337 million under the Extended Fund Facility, providing significant financial support for the nation's economic recovery plan.
< Previous Question Next Question >
Explore Courses for Bank Exams exam

Similar Bank Exams Doubts

Direction: Read the following passage carefully and answer the questions that follow.The China Pakistan Economic Corridor (CPEC) mega project has been widely welcomed in Pakistan as a game changer. The core of the project is a 2,500-km road and rail link, which will connect the port of Gwadar on the Arabian Sea to the Chinese city of Kashgar in Central Asia. The Chinese government, the principal sponsor, says it will invest $46 billion on the project.The money will be spent not just on the road and rail link but also on a host of other infrastructure projects. These include an expansion of Gwadar port and a new international airport in the city. Also included are several power projects based on coal and renewable energy that will add about 10.4GW to Pakistan's power grid. Oil and gas pipelines are in the offing as well.There can be no dispute that the CPEC is a game changer. Pakistan's faltering economy will get a huge boost. China will get access to a warm water port. Shipping time and cost for exports from Western China will be reduced. Oil and gas will be offloaded at Gwadar and piped along the corridor to China.The announcement of the project shone a bright light in the gloom that surrounds the Pakistani economy. Elation is the order of the day. There is broad consensus that CPEC is an unqualified “good.” But could it be that, dazzled by the light, we have neglected to conduct a rigorous analysis of this mega project and what it means to Pakistan?In a deal like this emotions have to be set aside. There is no doubt that China has been a strong and constant supporter of Pakistan throughout our history. But it should also be clear that when it makes investment decisions such as the proposed $46 billion CPEC it makes them in the cold light of its self-interest — as one would expect from any responsible nation. And as a responsible nation, conscious of its sovereignty and self-respect, Pakistan should also apply the same standard to its assessment of the project.Clearly the advantages of the CPEC are many, significant, and undeniable. But are there any aspects that may be detrimental to our interests in the long term? The first issue that comes to mind is sovereignty.By leasing out vast tracts of land in the city of Gwadar and all along the route of the corridor, we in fact transfer sovereignty of some of our territory to a foreign power. And this is no ordinary foreign power. China is an emerging superpower with global ambitions. Have we built into the deal the necessary safeguards that will allow us to retain control of our territory if circumstances change?It is proposed that most of the construction work will be done by thousands of Chinese workers. Does this make sense for Pakistan given widespread and painful unemployment? Would it not be in our interest to have Pakistanis do the work? Should contracts not include provisions for contractors to train and employ Pakistani workers and engineers?As a global manufacturing powerhouse China plans to bring all or most of the equipment it needs for projects from its own suppliers. But would not our interest be better served if we insisted on having equipment made in Pakistan? Part of the proposed investment should be diverted to setting up factories inside Pakistan to supply the diverse range of equipment and machinery to the various CPEC projects.Have we asked the right questions in regard to the financing? Forty-six billion dollars is a lot of money. Is it a grant or gift to Pakistan? Is it a loan? If the latter, what is the payback period and the applicable rate? What happens if there is a default? Have the tariff rates payable to Pakistan for use of port facilities, road and rail links, and oil and gas pipelines been established and agreed?These and a whole range of other issues must be addressed when so much is at stake. But it seems that the euphoria of attracting this mega project has perhaps distracted us from the imperative of due diligence and the rigorous risk-based cost benefit analysis that this entails.Let there be no doubt: The CPEC is wonderful news for Pakistan. But it must move forward with its eyes wide open. And with a full understanding of not only the rewards that the project holds for Pakistan, but also the possible pitfalls that may lie in wait for us."Elation is the order of the day.Q. Which of the following best elaborates the given statement?

Top Courses for Bank ExamsView all

Top Courses for Bank Exams

Which country recently received the approval of the second tranche of around $337 million from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF)?a)Bangladeshb)Sri Lankac)Pakistand)MyanmarCorrect answer is option 'B'. Can you explain this answer?
Question Description
Which country recently received the approval of the second tranche of around $337 million from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF)?a)Bangladeshb)Sri Lankac)Pakistand)MyanmarCorrect answer is option 'B'. Can you explain this answer? for Bank Exams 2024 is part of Bank Exams preparation. The Question and answers have been prepared according to the Bank Exams exam syllabus. Information about Which country recently received the approval of the second tranche of around $337 million from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF)?a)Bangladeshb)Sri Lankac)Pakistand)MyanmarCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Bank Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which country recently received the approval of the second tranche of around $337 million from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF)?a)Bangladeshb)Sri Lankac)Pakistand)MyanmarCorrect answer is option 'B'. Can you explain this answer?.
Solutions for Which country recently received the approval of the second tranche of around $337 million from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF)?a)Bangladeshb)Sri Lankac)Pakistand)MyanmarCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Bank Exams. Download more important topics, notes, lectures and mock test series for Bank Exams Exam by signing up for free.
Here you can find the meaning of Which country recently received the approval of the second tranche of around $337 million from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF)?a)Bangladeshb)Sri Lankac)Pakistand)MyanmarCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Which country recently received the approval of the second tranche of around $337 million from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF)?a)Bangladeshb)Sri Lankac)Pakistand)MyanmarCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Which country recently received the approval of the second tranche of around $337 million from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF)?a)Bangladeshb)Sri Lankac)Pakistand)MyanmarCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Which country recently received the approval of the second tranche of around $337 million from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF)?a)Bangladeshb)Sri Lankac)Pakistand)MyanmarCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Which country recently received the approval of the second tranche of around $337 million from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF)?a)Bangladeshb)Sri Lankac)Pakistand)MyanmarCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Bank Exams tests.
Explore Courses for Bank Exams exam

Top Courses for Bank Exams

Explore Courses

Suggested Free Tests

Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev
Get App
© EduRev
Education Revolution
Follow Us
Signup to see your scores go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup