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Question

“Rapid Financing Instrument” and “Rapid Credit Facility” are related to the provisions of lending by which one of the following ?
(a) Asian Development Bank
(b) International Monetary Fund
(c) United Nations Environment Programme Finance Initiative
(d) World Bank

Answer:

B

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Explanation:

Rapid Financing Instrument (RFI) is available to all member countries of the International Monetary Fund (IMF) to provide rapid and low-access financial assistance to member countries facing an urgent balance of payments (BoP). This was in news due to Sri Lanka's financial crisis.

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