IMFC - currently Indian present amongst members.

Q.  Which of the following is/are true regarding International Monetary and Financial Committee (IMFC)?

1) In the current IMFC members, there is no Indian.
2) The IMFC usually meets every quarter (four times each year)
- Published on 13 Oct 16

a. Only 1
b. Only 2
c. Both 1 and 2
d. Neither 1 nor 2

ANSWER: Neither 1 nor 2
 
  • The IMFC usually meets twice a year.
  • There is an Indian currently amongst the current members of IMFC.
  • Although the IMFC has no formal decision-making powers, in practice, it has become a key instrument for providing strategic direction to the work and policies of the Fund.
  • It also considers proposals by the Executive Board to amend the Articles of Agreement and advises on any other matters that may be referred to it by the Board of Governors.

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