# Which international financial institution provided a $7 billion loan to Pakistan prior to the World Bank’s funding? with Answer - Pakistan Current Affairs MCQs | TestPrep

> Solved MCQ: Which international financial institution provided a $7 billion loan to Pakistan prior to the World Bank’s funding? Correct Answer: B. International Monetary Fund. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

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# Which international financial institution provided a $7 billion loan to Pakistan prior to the World Bank’s funding?

Direct Answer & Quick Reference

The correct option is **B. International Monetary Fund**.

Prior to the World Bank’s funding, Pakistan secured a $7 billion loan from the International Monetary Fund (IMF). This loan was approved under a 37-month Extended Fund Facility (EF...

A. Asian Development Bank

B. International Monetary Fund **(Correct Answer)**

C. European Central Bank

D. Islamic Development Bank

✨ Explain with AI

Verified Key: B. International Monetary Fund
Solved by 5,790+ students

**Detailed Explanation & Reference:**

Prior to the World Bank’s funding, Pakistan secured a $7 billion loan from the International Monetary Fund (IMF). This loan was approved under a 37-month Extended Fund Facility (EFF) arrangement. The IMF board’s approval of this program is crucial for Pakistan’s economic stability and growth. The $7 billion loan from the IMF was a significant step in Pakistan’s efforts to address its economic challenges and secure funding for its development programs. The loan was aimed at stabilizing the country’s economy and creating conditions for stronger, more inclusive, and resilient growth. It also allowed Pakistan to meet its external financing needs and repay its debts.

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