Explanation:

The Poverty Reduction and Growth Facility (PRGF) is an arm of the International Monetary Fund which lends to the world's poorest countries. It was created on September 16, 1999, replacing the Enhanced Structural Adjustment Facility. o Concessional support through the Poverty Reduction and Growth Trust (PRGT) is currently interest free. x It has three lending facilities o Extended Credit Facility (ECF): Sustained medium- to long-term engagement in case of protracted balance of payments problems. o Standby Credit Facility (SCF) Financing for low-income countries with actual or potential shortterm balance of payments and adjustment needs caused by domestic or external shocks, or policy slippages. It can also be used on a precautionary basis during times of increased risk and uncertainty. o Rapid Credit Facility (RCF): One-off disbursement for low-income countries facing urgent balance of payments needs. Repeated disbursements over a limited period are possible in case of recurring or ongoing balance of payments needs. x Hence option (a) is the correct answer.