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?

Sign up to view the correct answer and detailed explanation.

UPSC Question: With reference to the International Monetary and Financial C...

With reference to the International Monetary and Financial Committee (IMFC), consider the following statements:

IMFC discusses matters of concern affecting the global economy, and advises the International Monetary Fund (IMF) on the direction of its work.
The World Bank participates as observer in IMFC’s meetings.

Which of the statements given above is/are correct?