Rapid Financing Instrument" and "Rapid Credit Facility" are related to the provisions of lending by which one of the following?

Rapid Financing Instrument" and "Rapid Credit Facility" are related to the provisions of lending by which one of the following?

1. Asian Development Bank
2. International Monetary Fund
3. United Nations Environment
4. World Bank

Answer: IMF: International Monetary Fund

The Rapid Financing Instrument (RFI) provides rapid financial assistance, which is available to all member countries facing an urgent balance of payments need. The RFI was created as part of a broader reform to make the IMF's financial support more flexible to address the diverse needs of member countries.

The Rapid Credit Facility (RCF) of IMF provides rapid concessional financial assistance to low-income countries (LICs) facing an urgent balance of payments (BoP) need with no ex post conditionality where a full-fledged economic program is neither necessary nor feasible.