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Which of the following bodies is primarily concerned with maintaining the integrity of the international financial system?
IMF
AIIB
FATF
ADB
- Option 1: IMF (International Monetary Fund)
- Focuses on global monetary cooperation.
- Works to secure financial stability and facilitate international trade.
- Provides resources to member countries in financial difficulty.
- Option 2: AIIB (Asian Infrastructure Investment Bank)
- Aims to improve economic and social development in Asia.
- Primarily finances infrastructure projects.
- Does not manage the broader international financial system.
- Option 3: FATF (Financial Action Task Force)
- Sets standards to combat money laundering and terrorist financing.
- Ensures the integrity of the international financial system by promoting policies.
- ?? Correct Answer: This is the body focused on financial system integrity.
- Option 4: ADB (Asian Development Bank)
- Focuses on economic development and projects in the Asia-Pacific region.
- Provides loans and technical assistance but not primarily for global financial system integrity.
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