Choose the Answer Which Best Rewords the Italicized Portion

Multiple Choice

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.

A) has offered
B) have offered
C) offers
D) offered