Q. “Extended fund Facility (EFF)” is recently seen in news is related to?
Explanation: The Extended fund Facility (EFF) is a service provided by the IMF to its member countries which authorizes them to raise any amount of foreign exchange from it to fulfil their BoP crisis, but on the conditions of structural reforms in the economy put by the body.
It is the first agreement of its kind. India had signed this agreement with the IMF in the financial year 1981–82.