UPSC 2005: Consider the following statements : 1. Poverty Reduction and Growth Facility (PRGF) has been established by the International Development Association (IDA) to provide further assistance to low-income countries facing high level of indebtedness. 2. Singapore Regional Training Institute (STI) is one of the institutes that provide training in macroeconomics analysis and policy, and related subjects as a part of programme of the IMF Institute. Which of the statements given above is/are correct?

The Poverty Reduction and Growth Facility (PRGF) was created by the International Monetary Fund in 1999 (it replaced the ESAF); it is therefore not an International Development Association (IDA) window, so Statement 1 is wrong. The Singapore Regional Training Institute (STI), set up in 1998, is run under the IMF Institute and conducts courses in macro-economic analysis and related policy areas, so Statement 2 is correct. Hence only statement 2 is correct. ([en.wikipedia.org](https://en.wikipedia.org/wiki/Poverty_Reduction_and_Growth_Facility?utm_source=openai))