Q: ‘Global Financial Stability Report’ is prepared by the
a) European Central Bank
b) International Monetary Fund
c) International Bank for Reconstruction and Development
d) Organization for Economic Cooperation and Development
The correct answer is Option 2.
IMF
It was set up along with the World Bank after the Second World War to assist in the reconstruction of war-ravaged countries.
- The two organizations agreed to be set up at a conference in Bretton Woods in the US. Hence, they are known as the Bretton Woods twins.
- Created in 1945, the IMF is governed by and accountable to the 189 countries that make up its near-global membership. India joined on 27th December 1945.
- The IMF’s primary purpose is to ensure the stability of the international monetary system — the system of exchange rates and international payments that enables countries (and their citizens) to transact with each other.
- The Fund’s mandate was updated in 2012 to include all macroeconomic and financial sector issues that bear on global stability.
- Global Financial Stability Report Of IMF
- The Global Financial Stability Report provides an assessment of the global financial system and markets and addresses emerging market financing in a global context.
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