Perfection IAS

Catastrophe Containment And Relief Trust

Consider the following statements with reference to the Catastrophe Containment and Relief Trust (CCRT):

  1. The CCRT allows the IMF to provide grants for debt relief for the poorest and most vulnerable countries hit by catastrophic natural disasters or public health disasters.
  2. Established in February 2015 during the Ebola outbreak, it grants complement donor financing and the IMF concessional lending through the Poverty Reduction and Growth Trust (PRGT).

Choose the correct answer from the codes given below:

Only 1
Only 2
Both 1 and 2
Neither 1 nor 2