Pakistan and the _____________ have reportedly agreed to put on hold the existing $6bn Extended Fund Facility (EFF) programme on April 18, 2020.

A. World Bank
B. Asian Development Bank (ADB)
C. International Monetary Fund (IMF)
D. International Finance Corporation (IFC)

Show Answer
C. International Monetary Fund (IMF)

Explanation: According to an IMF press statement issued on 17th April, “A purchase under the Rapid Financing Instrument (RFI) equivalent to SDR 1,015.5 million ($ 1.386 billion, 50pc of quota) has been approved for Pakistan to meet the urgent balance of payment needs stemming from the outbreak of the COVID-19 pandemic.” It has been learnt that further talks on $6bn Extended Fund Facility (EFF) programme would be held once the COVID-19 pandemic is over.  

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