In May 2019, the International Monetary Fund agreed to bail out ________ with a fund of $6 billion.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e Pakistan
1. On July 3, 2019, the Executive Board of the International Monetary Fund (IMF) approved a 39-month extended arrangement under the Extended Fund Facility (EFF) for Pakistan for an amount of SDR 4,268 million (about US$6 billion or 210 per cent of quota) to support the authorities’ economic reform program.
2. Pakistan on Sunday reached an agreement with the IMF on a bailout package under which the cash-strapped country will receive $6 billion over three years.
3. The agreement aims to support Pakistan's "strategy for stronger & more inclusive growth by reducing domestic and external imbalances, removing impediments to growth, increasing transparency and strengthening social spending".