IR

Question 1

Extended fund facility

Answer 1

IMF
to help members with balance of payment problems that need adjustment period longer than provided for under a standby arrangement e.g., Srilanka
as got the much-needed reprieve with the International Monetary Fund (IMF) agreeing to provide $ 1.5 billion through a three-year-long Extended Fund Facility (EFF).
Pakistan also received money from IMF under EFF

Question 2

Paris Club

Answer 2

informal group of creditor nations
from a 1956 meeting in which Argentina agreed to meet its public creditors in Paris.
It describes itself as a forum where official creditors meet to solve payment difficulties faced by debtor countries.
Their objective is to find sustainable debt-relief solutions for countries that are unable to repay their bilateral loans.
Members:
The members are: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Israel, Japan, Netherlands, Norway, Russia, South Korea, Spain, Sweden, Switzerland, the United Kingdom and the United States., Italy and Brazil
All 22 are members of the group called Organisation for Economic Co-operation and Development (OECD).