IMF | MCQs

Explanation

The International Monetary Fund (IMF) is a major financial agency of the United Nations and an international financial institution

IMF founded: 27 December 1945

IMF headquarters: Washington, USA

IMF total members: 190

IMF official language: English

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Explanation

The International Monetary Fund (IMF) is a major financial agency of the United Nations and an international financial institution

IMF founded: 27 December 1945

IMF headquarters: Washington, USA

IMF total members: 190

IMF official language: English 

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agm.5.3.23

ND23-4-2023

VU FIA ASSISTANT PAST PAPER 01-01-2022

Explanation

The International Monetary Fund (IMF) is a major financial agency of the United Nations and an international financial institution

IMF founded: 27 December 1945

IMF headquarters: Washington, USA

IMF total members: 190

IMF official language: English 

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agm.5.3.23

ND23-4-2023

Explanation

Kristalina Georgieva first elected Managing Director of IMF in October 2019 

Kristalina Georgieva reelected as Managing Director of IMF in April 2024 

Explanation

In June 2023, the IMF approved a $3 billion loan to Pakistan under a 9-month Stand-By Arrangement (SBA).

This loan aimed to stabilize Pakistan's economy, support its financial reforms, and help manage external debt obligations.

Explanation

The International Monetary Fund (IMF) works to achieve sustainable growth and prosperity for all of its 190 member countries.

It does so by supporting economic policies that promote financial stability and monetary cooperation, which are essential to increase productivity, job creation, and economic well-being.

Explanation

Kristalina Georgieva, from Bulgaria, is Managing Director and Chairman of the Executive Board since October 1, 2019 

Explanation

The International Monetary Fund (IMF) is a major financial agency of the United Nations and an international financial institution

IMF founded: 27 December 1945

IMF headquarters: Washington, USA

IMF total members: 190

IMF official language: English

Explanation

Pakistan approached the IMF in 2024 to secure funding aimed at stabilizing its balance of payments, a situation where it didn’t have enough foreign exchange to pay for imports and debt obligations.

The IMF assistance helps rebuild foreign currency reserves, meet external debt servicing needs, and restore investor confidence.

Explanation

June 30, 2023, IMF Reaches Staff-level Agreement with Pakistan on a US$3 Billion Stand-By Arrangement to support the authorities' economic stabilization program.

(IMF) approved a 9-month (SBA) for Pakistan for an amount of SDR2,250 million (111 percent of quota) 

Ernesto Ramirez Rigo visited Islamabad, Pakistan from April 29 to May 11, to discuss IMF support for the authorities' economic reform program.