English, asked by jaykapadia39, 4 months ago


essayon fitness beats pandemic​

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Answered by saanavishelar02
0

Answer:

However, here are a few reasons why exercise is especially crucial during the COVID-19 pandemic: Exercise boosts the immune system: Research shows that regular, moderate-intensity exercise has immune-boosting benefits that may help your body fight off infections, including COVID-19

Answered by hasinin19pgi6010022
6

Answer:

FINANCIAL ORGANIZATION AND OPERATIONS OF THE IMF

118

• In 1976, the IMF initiated concessional operations through the estab-

lishment of the Trust Fund, which drew upon the profits generated from

the sale of part of the IMF’s gold holdings in 1976–80 and provided con-

cessional loans to low-income developing countries for balance of pay-

ments support.2

• In 1986, the IMF established the SAF to provide concessional assis-

tance to low-income countries by recycling resources lent under the

Trust Fund.3

• In 1987, the IMF established the ESAF to foster stronger adjustment

and reform measures than those under the SAF and to augment the

resources available for this purpose. In contrast to the Trust Fund and

SAF, the loan and subsidy resources were provided primarily by bilat-

eral contributors.

• In 1996, the IMF and World Bank jointly launched the HIPC Initiative

to reduce the external debt burden of eligible poor and heavily

indebted countries to a sustainable level.

• In September 1999, the HIPC Initiative was enhanced to provide faster,

deeper, and broader debt relief and the links between debt relief and

poverty reduction were strengthened.4 In October 1999, the Executive

Board decided to change the names of the ESAF and ESAF Trust to

the Poverty Reduction and Growth Facility (PRGF) and the Poverty

Reduction and Growth Facility Trust (PRGF Trust), respectively, and

to broaden the objectives of the renamed facility. The decision became

effective on November 22, 1999, when all contributors to the Trust had

consented to the change.5

• In September 1999, agreement was also reached on a financing package

for the HIPC Initiative and for a continuation of the PRGF for a four-

year period (the so-called interim PRGF) expected to begin in 2002

2Of the $4.6 billion in profits from the gold sales, $1.3 billion was distributed to develop-

ing country members of the IMF in proportion to their quotas, while $3.3 billion was made

available for concessional lending through the Trust Fund.

3See Joslin Landell-Mills, Helping the Poor: The IMF’s New Facilities for Structural

Adjustment (Washington: International Monetary Fund, rev. ed., 1992). 4For a more thorough discussion of the Enhanced HIPC Initiative, see David Andrews,

Anthony Boote, Syed S. Rizavi, and Sukhwinder Singh, Debt Relief for Low-Income Coun-

tries: The Enhanced HIPC Initiative, IMF Pamphlet Series No. 51 (Washington: Interna-

tional Monetary Fund, 2000).

5See “IMF Lending to Poor Countries—How Does the PRGF Differ from the ESAF?”

(International Monetary Fund, Issues Brief, 01/06, April 2001).

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