CURRENT AFFAIRS

Detailed explanation-1: -The Board of Governors is the highest decision-making body of the IMF. It consists of one governor and one alternate governor for each member country. The governor is appointed by the member country and is usually the minister of finance or the head of the central bank.

Detailed explanation-2: -Pablo Moreno as Director of the Independent Evaluation Office of the IMF. He will succeed Mr. Charles Collyns of the United States, whose term will expire on April 30, 2023. Mr.

Detailed explanation-3: -The Executive Board (the Board) is responsible for conducting the day-to-day business of the IMF. It is composed of 24 Directors, who are elected by member countries or by groups of countries, and the Managing Director, who serves as its Chairman.

Detailed explanation-4: -IMF Managing Director Kristalina Georgieva Remarks at the G20 Leaders Summit.