GENERAL KNOWLEDGE

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GK

INTERNATIONAL ORGANISATIONS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Strengthen the capacity of economic institutions, such as central banks and finance ministries, for effective policies that lead to greater economic stability and growth.
A
North Atlantic Treat Organization NATO
B
World Trade Organization WTO
C
International Monetary Fund IMF
D
International Committee of the Red Cross/Red Crescent
Explanation: 

Detailed explanation-1: -For more than 50 years, the IMF has provided capacity development (technical assistance and training) on critical economic issues to central banks, finance ministries, tax authorities and other economic institutions. This helps countries strengthen their economy and create more jobs.

Detailed explanation-2: -The IMF provides technical assistance and training – known as capacity development as one of its core functions. Capacity development accounts for around a third of the IMF’s annual spending. It is available to all members upon their request and is tailored to a country’s specific needs.

Detailed explanation-3: -The IMF employs three main functions – surveillance, financial assistance, and technical assistance – to promote the stability of the international monetary and financial system.

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