Q. Poverty Reduction and Growth Trust is a concessional financial support is related to which of the following Institution?

[A] World Bank

[B] Global Environmental Facility

[C] International Monetary Fund

[D] World Economic Forum

Answer: C
Notes:

Explanation:

  • The IMF’s various lending instruments are tailored to different types of balance of payments need as well as the specific circumstances of its diverse membership (see table).
  • All IMF members are eligible to access the Fund’s resources in the General Resources Account (GRA) on non-concessional terms, but the IMF also provides concessional financial support (currently at zero interest rates through June 2021) through the Poverty Reduction and Growth Trust (PRGT; see IMF Support for Low-Income Countries), which is better tailored to the diversity and needs of low-income countries.

Source: https://www.imf.org/en/About/Factsheets/IMF-Lending