(a) European Central Bank
(b) International Monetary Fund
(c) International Bank for Reconstruction and Development
(d) Organization for Economic Cooperation and Development
Answer: b
Explanation:
The International Monetary Fund
The International Monetary Fund, or IMF, works to achieve sustainable growth and prosperity for all of its 191 member countries. It does so by supporting economic policies that promote financial stability and monetary cooperation, which are essential to increase productivity, job creation, and economic well-being.
A core responsibility of the IMF is overseeing the international monetary system and monitoring members’ economic and financial policies, an activity known as surveillance. Through surveillance at the global, regional, and country levels, the IMF identifies potential risks to stability and recommends appropriate policy adjustments to sustain economic growth and promote financial and economic stability.
Difference between IMF and World Bank
The International Monetary Fund (IMF) and the World Bank share a common goal of raising living standards in their member countries.
Their approaches to achieving this shared goal are complementary: the IMF focuses on macroeconomic and financial stability while the World Bank concentrates on long-term economic development and poverty reduction
Flagship Publications of IMF – World Economic Outlook , Global Financial Stability Report , Fiscal Monitor , External sector Report , Regional Economic Reports .
Global Financial Stability Report
The Global Financial Stability Report provides an assessment of the global financial system and markets, and addresses emerging market financing in a global context. It focuses on current market conditions, highlighting systemic issues that could pose a risk to financial stability and sustained market access by emerging market borrowers. The Report draws out the financial ramifications of economic imbalances highlighted by the IMF’s World Economic Outlook. It contains, as special features, analytical chapters or essays on structural or systemic issues relevant to international financial stability.