IMF - related terms

💰 IMF Lending Facilities

1) Extended Fund Facility (EFF) – Long-term lending for structural reforms.

2) Stand-By Arrangement (SBA) – Short-term assistance for balance of payments crises.

3) Rapid Financing Instrument (RFI) – Quick assistance without major conditionality for urgent needs.

4) Poverty Reduction and Growth Trust (PRGT) – Concessional loans for low-income countries.

5) Rapid Credit Facility (RCF) – Quick concessional financial support for low-income countries.

6) Flexible Credit Line (FCL) – Precautionary credit for countries with strong fundamentals.

7) Precautionary and Liquidity Line (PLL) – Credit line for countries with sound policies but moderate vulnerabilities.

8) Resilience and Sustainability Facility (RSF) – Newly created to help countries tackle climate and pandemic risks.

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📝 IMF Policy & Monitoring Tools

1) Article IV Consultations – Annual surveillance of member countries’ economies.

2) Special Drawing Rights (SDRs) – International reserve asset allocated to member countries.

3) Financial Sector Assessment Program (FSAP) – Evaluation of financial stability and development.

4) Technical Assistance and Capacity Development – Support for building effective institutions and policies.

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🌍 IMF Governance & Operations

1) Quota System – Determines a country’s financial contribution and voting power.

2) Board of Governors – Highest decision-making body of the IMF.

3) Executive Board – Handles day-to-day operations and policy implementation.

4) IMF Conditionality – Economic policy adjustments required for access to IMF financing.

Relationship between critical minerals and rare earth elements 👉

Rare Earth Elements (REEs) are a subset of Critical Minerals. All REEs are critical, but not all critical minerals are REEs.

India, Pak Have Agreed To Stop All Military Action On Land, Sea And Air From 5 pm

To everyone in the affected areas, please stay safe and remain strong.

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History terminology PYQs compilation

Q. No. 3 correction - The antariya was an unstitched length of cloth draped around the body.