IMF BAILOUT TO SRILANKA Flashcards
How much Bailout has been given?
USD 2.9 billion bailout package
How much debt was on Sri Lanka?
USD 51 billion debt
The IMF package is to be paid in tranches over the next how many years?
Four years
Which is an international organization that promotes global economic growth and financial stability, encourages international trade, and reduces poverty?
International Monetary Fund (IMF)
Where is the HeadQuarter?
Washington D.C
When did the IMF came into operation?
27th December 1945
From where was IMF initiated?
1944 at the Bretton Woods Conference
The IMF is a specialized agency of
United Nation
When did IMF began its financial operations?
1st March 1947
the IMF consists of __ member countries
189
??? is both chairman of the IMF’s Executive Board and head of IMF staff.
IMF’s Managing Director
Who is the IMF’s Managing Director?
Kristalina Georgieva
On joining the IMF, each member country contributes a certain sum of money, called a
quota subscription
??? is the IMF’s unit of account and not a currency.
Special Drawing Rights (SDRs)
* The currency value of the SDR is determined by summing the values in U.S. dollars, based on market exchange rates, of a SDR basket of currencies
How many currency are included in SDRs?
- U.S. Dollar,
- Euro,
- Yen,
- Pound Sterling,
- Renminbi
Which was the last currency that was added in SDRs?
Remninbi
in 2016
If a bank is not a member of IMF , it will not be eligible for which bank?
International Bank for Reconstruction and Development (IBRD)
Which is an international reserve asset to supplement its member countries’ official reserves?
Special Drawing Rights (SDR)
When was Special Drawing Rights (SDR) created?
1969
When was Special Drawing Rights (SDR) created?
1969
The SDR basket is reviewed is after how many years?
5 years
is India a founder member of IMF?
Haan ji , zaroor hai
India has not taken any financial assistance from the IMF since
1993
?? is the ex-officio Governor on the Board of Governors of the IMF
The Finance Minister of India
Nirmala Sitaraman
Who is the Alternate Governor at the IMF?
RBI Governer
Shaktikanta Das
