Question
Legal Studies Question on Public International Law
Precautionary Credit Line (PCL) of IMF is
A
for countries very poor, and have record of implementing policies for poor
B
for countries with weak fundamentals and policies, and a track record of implementing such policies is poor
C
for countries which are very rich and a track record of paying the debts
D
for countries with sound fundamentals and policies, and a track record of implementing such policies
Answer
for countries with sound fundamentals and policies, and a track record of implementing such policies
Explanation
Solution
The correct option is (D):for countries with sound fundamentals and policies, and a track record of implementing such policies.