Shreshtha55
Isn't the "it" ambiguous in the para?
Posted from my mobile device Shreshtha55 , a belated welcome to GMAT Club!
No, "it" is not ambiguous. The phrase "it is hoped"
1) commonly replaces the adverb "hopefully," which is often misused in English.
HERE is a good post on the mistaken use of hopefully.
Correct: The lost hiker thought he saw city lights ahead and looked hopefully towards the horizon.
Incorrect and common: Hopefully, the lost hiker will find the road.
2) The "it" in "it is hoped" does not mean much.
It is raining today.
What is raining? The weather? Weather does not rain.
Similarly, in "it is hoped", IT is a placeholder, or a "dummy" pronoun, or an antecedent.
Please, do not worry about the terminology. The pronoun IT does not need an antecedent.
The pronoun IT is part of an idiomatic construction in English: It is _____
HERE is a thread that deals directly with the issue.
There are good expert posts on the usage of IT (and
that -- I have just used a similar construction with the word "
There").
Please read posts by the experts on
both pages of that linked post.
I hope that helps.