Question

    The International Monetary Fund (IMF) has approved

    $_____ billion in emergency support for Ukraine to finance expenditures and shore up the balance of payments.
    A 1.2 Correct Answer Incorrect Answer
    B 1.4 Correct Answer Incorrect Answer
    C 2.1 Correct Answer Incorrect Answer
    D 2.5 Correct Answer Incorrect Answer
    E 2.7 Correct Answer Incorrect Answer

    Solution

    The International Monetary Fund (IMF) has approved $1.4 billion in emergency support for Ukraine to finance expenditures and shore up the balance of payments. The disbursement under the IMF’s Rapid Financing Instrument (RFI), equivalent to 50% of Ukraine’s quota in the IMF. It will help fund urgent spending needs in the short term, while helping to catalyze financing from other partners.

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