Official Answer Key & Detailed Solution
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Correct Answer: Option (B) — 2 only
Concept & Option Breakdown
Standard Reference VerifiedStatement 1 is incorrect: The Poverty Reduction and Growth Facility (PRGF) was established by the International Monetary Fund (IMF), not the International Development Association (IDA). Statement 2 is correct: The IMF–Singapore Regional Training Institute (STI) was established in 1998 jointly by the IMF and the Government of Singapore to train officials from Asia-Pacific countries in macroeconomic analysis and financial policy.
Remember that PRGF is an IMF low-interest lending facility (later restructured into the Poverty Reduction and Growth Trust, PRGT).
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