Consider the following statements regarding Development Policy Financing (DPF).

1.It is a financial instrument offered by the World Bank designed to rapidly disburse financing to a borrower country.

2.The funds provided under DPF are strictly earmarked for the construction of specific physical infrastructure projects, such as highways and dams.

3.It aims to support borrower countries in undertaking structural, legislative, and regulatory reforms.

Which of the statements given above are correct?