With reference to the International Monetary and Financial Committee (IMFC), consider the following statements :
- 1. IMFC discusses matters of concern affecting the global economy, and advises the International Monetary Fund (IMF) on the direction of its work.
- 2. The World Bank participates as observer in IMFC’s meetings.
Which of the statements given above is/are correct?
1 only
2 only
Both 1 and 2
Neither 1 nor 2
Answer is Right!
Answer is Wrong!
This question was previously asked in
UPSC IAS – 2016
– Statement 2 is correct: The IMFC consists of 24 members who are Governors of the IMF (usually ministers of finance or central bank governors). The World Bank President typically attends the IMFC meetings as an observer, along with observers from other international bodies like the UN, BIS, OECD, etc.