Consider the following statements:
1. Poverty Reduction and Growth Facility (PRGF) has been established by the

Question

Consider the following statements:
1. Poverty Reduction and Growth Facility (PRGF) has been established by the International Development Association (IDA) to provide further assistance to low-income countries facing high level of indebtedness.
2. Singapore Regional Training Institute (STI) is one of the institutes that provides training in macroeconomic analysis and policy, and related subjects as a part of programme of the IMF institute.
Which of the statements is/are correct?

Accepted Answer

The correct answer is B because only the second statement is accurate.

Statement 1 is incorrect because the Poverty Reduction and Growth Facility (PRGF) was established by the International Monetary Fund (IMF), not the International Development Association (IDA). It was created in 1999 to replace the Enhanced Structural Adjustment Facility (ESAF) and aimed to make poverty reduction a central objective of lending to low-income countries.

Statement 2 is correct because the IMF-Singapore Regional Training Institute (STI) is a joint venture between the IMF and the Government of Singapore. It serves as a regional training center that provides courses on macroeconomic management and financial policy to government officials from countries in the Asia-Pacific region.

Answer

1 only

Answer

2 only

Answer

Both 1 and 2

Answer

Neither 1 nor 2

Explanation

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