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Economy - india

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 counteris facing high level of indebtedness.
2. Singapore Regional Training Institute (STI) is one of the institutes that         provides training in macroeconomic analysis and policy,and related               subjects as a part of programme of the IMF Institute.
Which of the statements given above is/are correct ? 

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