IMF | MCQs

Explanation

The Bretton Woods agreement and system created a collective international currency exchange regime 

That lasted from the mid-1940s to the early 1970s

 It set global financial rules after WWII and led to the creation of IMF & World Bank.

Explanation

A recent goal of the International Monetary Fund (IMF) is to promote modest growth: 

Global growth

The IMF projects that the world economy will grow at 3.2% in 2024 and 2025, which is the same pace as in 2023.

This is below the historical average of 3.8% from 2000–2019.

Explanation

IMF Executive Board Approves US$3 billion Stand-By Arrangement for Pakistan. 

Explanation

World Bank:

World Bank established: July 1944

World Bank was established during: the Bretton Woods Conference

World Bank Members: 189

World Bank's aim: to provide loans and grants for various projects

World Bank headquarters: Washington, USA

IMF:

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

On 3 July 2019, International Monetary Fund (IMF) approved a three-year, $6 billion loan "to support Pakistan’s economic plan.

On July 3, 2019, IMF approved a 39-month extended arrangement under the EFF for Pakistan 

ND12_8_2023

Explanation

The first round of talks between Pakistan and the International Monetary Fund (IMF)

held in the federal capital on Tuesday

to strike a staff-level agreement on the ninth review under the $7 billion Extended Fund Facility (EFF)

ND7-5-2023

Explanation

Sri Lanka faced a severe economic crisis, including hyperinflation and foreign exchange shortages.

The IMF loan aimed to restore economic stability and support structural reforms.

Explanation

IMF (International Monetary Fund) funds are typically provided to countries facing economic crises to help stabilize their economies.

It  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

The International Monetary Fund (IMF) works to foster sustainable economic growth by providing financial assistance, policy advice, and technical support to member countries.

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

Bolivia has recently declared its government's full independence from the IMF and World Bank,

Additional information:

World Bank:

World Bank established: July 1944

World Bank was established during: the Bretton Woods Conference

World Bank Members: 189

World Bank's aim: to provide loans and grants for various projects

World Bank headquarters: Washington, USA

IMF:

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

IMF founded:  July 1944

IMF headquarters: Washington, USA

IMF total members: 190

IMF official language: English