{"id":1668,"date":"2024-03-28T17:44:01","date_gmt":"2024-03-28T12:14:01","guid":{"rendered":"https:\/\/lotusarise.com\/qna\/?p=1668"},"modified":"2024-04-03T07:19:32","modified_gmt":"2024-04-03T01:49:32","slug":"q-rapid-financing-instrument-and-rapid-credit-facility-are-related-to-the-provisions-of-lending-by-which-of-the-following","status":"publish","type":"post","link":"https:\/\/lotusarise.com\/qna\/upsc\/q-rapid-financing-instrument-and-rapid-credit-facility-are-related-to-the-provisions-of-lending-by-which-of-the-following","title":{"rendered":"Q. Rapid Financing Instrument\u201d and \u201cRapid Credit Facility\u201d are related to the provisions of lending by which of the following:"},"content":{"rendered":"\n<ul class=\"mcq wp-block-list\">\n<li>Asian Development Bank<\/li>\n\n\n\n<li>International Monetary Fund<\/li>\n\n\n\n<li>United Nations Environment Programme Finance Initiative<\/li>\n\n\n\n<li>World Bank<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>Answer: (b) International Monetary Fund<\/strong><\/p>\n<\/blockquote>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"rapid-financing-instrument\">Rapid Financing Instrument<\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>The Rapid Financing Instrument (RFI):&nbsp;<\/strong>It is a lending facility of the&nbsp;<strong><a href=\"https:\/\/lotusarise.com\/international-monetary-fund-imf-upsc\/\">International Monetary Fund<\/a>&nbsp;(IMF)<\/strong>&nbsp;which provides rapid financial assistance.<\/li>\n\n\n\n<li>It is&nbsp;<strong>available to all member countries facing an urgent balance of payments need<\/strong>. The RFI was created as part of a broader reform to make the IMF\u2019s financial support more flexible to address the diverse needs of member countries. The&nbsp;<strong>RFI replaced the IMF\u2019s previous emergency assistance policy&nbsp;<\/strong>and can be used in a wide range of circumstances.<\/li>\n<\/ul>\n\n\n\n<h6 class=\"wp-block-heading\" id=\"rapid-credit-facility\">Rapid Credit Facility<\/h6>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Rapid Credit Facility (RCF) is a concessional policy under which the International Monetary Fund (IMF)\u00a0<strong>provides financial assistance to low-income countries (LICs) facing an urgent balance of payments need<\/strong>.\n<ul class=\"wp-block-list\">\n<li>The RCF was introduced under the Poverty Reduction and Growth Trust (PRGT), making this facility more refined with broader coverage.<\/li>\n\n\n\n<li>The RCF provides financial help to its member LIC countries regarding commodity price shocks, economic disruptions, or in case of a large natural disaster.<\/li>\n\n\n\n<li>This policy is only available for the nations that come under the Poverty Reduction and Growth Trust (PRGT).<\/li>\n\n\n\n<li>The access to RCF of any nation is decided on the basis of its economic strength, capacity to repay funds, macroeconomic policies, underlying pending payments of nations, their present economic condition, and poverty.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Answer: (b) International Monetary Fund Rapid Financing Instrument Rapid Credit Facility<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[1,3],"tags":[38],"years":[51],"class_list":["post-1668","post","type-post","status-publish","format-standard","hentry","category-upsc","category-prelims","tag-indian-economy","years-51"],"acf":[],"taxonomy_info":{"category":[{"value":1,"label":"UPSC"},{"value":3,"label":"Prelims"}],"post_tag":[{"value":38,"label":"Indian Economy"}],"years":[{"value":51,"label":"2022"}]},"featured_image_src_large":false,"author_info":{"display_name":"LotusArise","author_link":"https:\/\/lotusarise.com\/qna\/author\/team-lotusarise"},"comment_info":0,"category_info":[{"term_id":1,"name":"UPSC","slug":"upsc","term_group":0,"term_taxonomy_id":1,"taxonomy":"category","description":"","parent":0,"count":1269,"filter":"raw","cat_ID":1,"category_count":1269,"category_description":"","cat_name":"UPSC","category_nicename":"upsc","category_parent":0},{"term_id":3,"name":"Prelims","slug":"prelims","term_group":0,"term_taxonomy_id":3,"taxonomy":"category","description":"","parent":1,"count":1251,"filter":"raw","cat_ID":3,"category_count":1251,"category_description":"","cat_name":"Prelims","category_nicename":"prelims","category_parent":1}],"tag_info":[{"term_id":38,"name":"Indian Economy","slug":"indian-economy","term_group":0,"term_taxonomy_id":38,"taxonomy":"post_tag","description":"","parent":0,"count":225,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/1668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/comments?post=1668"}],"version-history":[{"count":0,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/1668\/revisions"}],"wp:attachment":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/media?parent=1668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/categories?post=1668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/tags?post=1668"},{"taxonomy":"years","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/years?post=1668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}