With respect to International Monetary fund (IMF) lending to countries, consider the following statements.
- In most cases, a country’s government and the IMF agree on a program of economic policies before the IMF lends to the country.
- There are no interest rates involved at loans provided by IMF to countries.
- Currently, more than 70 percent of the loans granted by IMF is for infrastructure projects by different countries.
Which of the above statements is/are correct?