Read the following text.
What is the significance of providing unprecedented financial support to 85 countries during the COVID-19 pandemic?
(a) It shows the IMF's commitment to ensuring the stability of the international monetary system.
(b) It shows the IMF's ability to foster international cooperation and provide financial assistance and advice to its members.
(c) It shows the IMF's vision of building a more resilient and prosperous global economy for the benefit of all.
(d) All of the above
Answer as written by the student:
The correct option is (d) All of the above.
Step-by-Step explanation of the answer:
To answer this question, you need to do the following steps:
- Read the paragraph and identify the reasons or explanations for the fact or event. In this case, they are: to help countries cope with the health, economic, and social impacts of the pandemic, to advocate for a fair and equitable distribution of vaccines, diagnostics, and therapeutics, and to support a coordinated and multilateral approach to the recovery.
- Match the reasons or explanations with the options given in the question. In this case, all the options are correct, as they reflect the significance of the fact or event in relation to the IMF’s main functions, priorities, and vision.