"Rapid Financing Instrument" and "Rapid Credit Facility" are related to the provisions of lending by which…
"Rapid Financing Instrument" and "Rapid Credit Facility" are related to the provisions of lending by which one of the following?
Asian Development Bank
International Monetary Fund
United Nations Environment Programme Finance Initiative
World Bank
Solution
Both Rapid Financing Instrument (RFI) and Rapid Credit Facility (RCF) are emergency financing facilities provided by the IMF to member countries facing urgent balance-of-payment needs. RFI is for all members while RCF is concessional, for low-income countries.