GyanGramWith reference to the International Monetary and Financial Committee (IMFC), consider the following statement…
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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 an observer in IMFC’s meetings.
Which of the statements given above is/are correct?
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• Correct Answer: C
• IMFC advises the IMF Board of Governors on international monetary and financial system supervision and strategic direction.
• World Bank, WTO, OECD, and UN agencies participate as observers in IMFC meetings.
• Both statements accurately describe the IMFC's advisory role and observer participation.
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