Which one of the following assists a country through 'Extended Fund Facility', often talked about in news?

The Extended Fund Facility (EFF) is a lending instrument of the International Monetary Fund (IMF). It was established to provide assistance to member countries facing serious medium-term balance of payments (BoP) problems due to structural weaknesses that require time to address. While the World Bank (IBRD and IDA) focuses on long-term economic development, poverty reduction, and infrastructure [3], the IMF's primary mandate is to ensure international monetary stability and help members overcome BoP difficulties [6]. Unlike development banks that lend for specific projects, the IMF provides policy-based financial assistance [5]. Other organizations like the International Fund for Agricultural Development (IFAD) focus exclusively on rural poverty and food security [6], and the United Nations Development Programme (UNDP) works on eradicating poverty and building resilience [6]. Therefore, the EFF is uniquely associated with the IMF's role in stabilizing national economies.

Sources

1. [1] Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 13: International Organizations > 13.14 International Monetary Fund (IMF) and World Bank > p. 396
2. [2] Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 13: International Organizations > International Development Association (IDA) > p. 400
3. [3] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > Transformative Carbon Asset Facility (TCAF) > p. 528
4. [6] https://www.undp.org/sites/g/files/zskgke326/files/2024-10/undp-ifi-brochure.pdf
5. [5] https://www.un.org/en/about-us/un-system