1.
Recently, World Bank has established a Financial Intermediary Fund (FIF) to aid which country?
Answer : Option C
Explanation
The World Bank established a Financial Intermediary Fund (FIF) to aid Ukraine, with contributions expected from the US, Canada, and Japan.
The fund aligns with the G7’s pledge of $50 billion for Ukraine and will also utilize frozen Russian assets.
The EU has committed €35 billion to the effort, with additional support from immobilized Russian central bank assets.