Recently, World Bank has established a Financial Intermediary Fund (FIF) to aid which country?

1.

Recently, World Bank has established a Financial Intermediary Fund (FIF) to aid which country?

a

Palestine

b

Afghanistan

c

Ukraine

d

Sri Lanka

e

Pakistan

Answer & Explanation
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.

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