With reference to International Monetary and Financial Committee IMFC consider following statem...........

Economic Affairs World Bank and IMF

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

It is the Ministerial-level committee of the International Monetary Fund (IMF).
The agenda of meeting titled, “Exceptional Times – Exceptional Action” is on the actions and measures taken by member countries to combat COVID-19.
It meets twice a year, once during the Fund-Bank Annual Meetings in October, and again during the Spring Meetings in April.

Select the correct statement.

1&2 only

2&3 only

1&3 only

All of the above

Recently, Union Minister of Finance & Corporate Affairs attended through video-conference the Plenary Meeting of the International Monetary and Financial Committee which is the Ministerial-level committee of the International Monetary Fund (IMF).
The discussions at the meeting were based on IMF Managing Director’s Global Policy Agenda titled, “Exceptional Times – Exceptional Action”.
The members of the IMFC updated the committee on the actions and measures taken by member countries to combat COVID-19, and also remarked on IMF’s crisis-response package to address global liquidity and members’ financing needs.
The IMFC meets twice a year, once during the Fund-Bank Annual Meetings in October, and again during the Spring Meetings in April.
The Committee discusses matters of common concern affecting the global economy and advises the IMF on the direction of its work. This year, due to the COVID-19 Outbreak, the meeting took place through video-conference.

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