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Choose the answer which best rewords the italicized portion. If you think the original wording is best, choose option A.

The International Monetary Fund (IMF) has offered a loan to the government during the transition period. However, the IMF released a statement in April 2012 stating that it would withhold the loan because of concerns of instability.
  1. has offered
  2. have offered
  3. offers
  4. offered
Explanation
Answer: D - The best choice is “offered”

“Has offered” and “have offered” indicate the present perfect tense - an action in the past that continues into the present. Since the IMF stated that it was withholding the loan, it is not currently offering the loan. “Offers” is a present tense form of “offer.” The past tense form of the verb, “offered,” fits best within the context of the sentence.
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