“Rapid Financing Instrument” and “Rapid Credit Facility” are related to the provisions of lending by which one of the following?
“Rapid Financing Instrument” and “Rapid Credit Facility” are related to the provisions of lending by which one of the following?
Answer:
(b)
Application Based
Core Books/NCERT
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.