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Economy · 8 Aug 2026

IMF programme vocabulary that shows up in Economy MCQs

Stand-By vs EFF, SDR, and why you should never quote a live tranche date from memory.

Examiners like definitions: Special Drawing Rights, current-account deficit, and the difference between a Stand-By Arrangement and an Extended Fund Facility. They do not want you to invent last week’s staff-level agreement date. For live numbers, use the Ministry of Finance or IMF country page. Link this briefing to Maths percentages (fiscal ratios) and Current Affairs.

Practice source note: OnMerit practice briefing