Financial Intermediary | MCQs

Explanation

In October 2024, The World Bank set up a Financial Intermediary Fund (FIF) to assistant Ukraine. 

In June 2024, the leaders of G7 had agreed on a framework agreement to provide a loan of $50 billion to Ukraine. 

There has been a war between Russia and Ukraine since 2022.

Additional Information:

Ukraine is a country of Europe with its capital Kiev.

Ukraine is the second largest country by area in Europe after Russia. 

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Explanation

• In September 2022,  World Bank launched 'Financial Intermediary Fund' for the prevention of epidemics.
• The purpose of this Financial Intermediary Fund is to promote economic efforts in low and middle income countries to prevent epidemics like COVID-19.