IMF and World Bank

When was the International Monetary Fund (IMF) established?

• 1934

• 1944

• 1954

• 1964

What is one of the key functions of the IMF?

• Providing military support to member countries

• Monitoring international health crises

• Monitoring the global economy and providing policy advice

• Offering tourism development programs

What type of assistance does the IMF provide to member countries facing balance of payments problems?

• Technological assistance

• Financial assistance

• Educational assistance

• Legal assistance

Which of the following is a conditionality that often comes with IMF loans?

• Cultural exchange programs

• Military cooperation

• Fiscal discipline

• Sports development

How much has the IMF approved for the bailout of Sri Lanka?

• $1bn

• $2bn

• $3bn

• $4bn

What is the amount of the rescue funding deal reached between Pakistan and the IMF?

• $1bn

• $2bn

• $3bn

• $4bn

What was one of the reasons for the turmoil in Sri Lanka last year?

• Natural disasters

• Political instability

• Russia's war in Ukraine

• Technological disruptions

According to analysts, what will Pakistan struggle to make about without further financial assistance?

• $10bn worth of debt repayments

• $15bn worth of debt repayments

• $20bn worth of debt repayments

• $25bn worth of debt repayments

What is one of the criticisms of the IMF's austerity measures and social impact?

• They lead to improved social welfare and reduced inequality.

• They contribute to increased poverty and inequality.

• They ensure a balanced distribution of wealth among citizens.

• They have no significant impact on social factors.

How can IMF loans affect a country's debt sustainability according to critics?

• They can reduce a country's debt burden significantly.

• They can contribute to a country's debt burden if not managed effectively.

• They guarantee that borrowing countries will pay off their debts quickly.

• They have no impact on a country's debt sustainability.