Question 61 from UPSC CSE 2016 - Current
Affairs

Question

Global Financial Stability Report is prepared by the

IASCODEX · Accepted Answer

Correct Option: B. International Monetary Fund

Strategy: Identify the publisher of the 'Global Financial Stability Report' by recalling which international financial organization is responsible for this major publication.

Key Info: The Global Financial Stability Report (GFSR) is a biannual publication by the International Monetary Fund (IMF).

*   **Global Financial Stability Report (GFSR)**
    *   **Publisher**: International Monetary Fund (IMF).
    *   **Purpose**: To assess the stability of the global financial system and highlight potential risks and vulnerabilities. It aims to identify potential threats to global financial stability and suggest policy actions to address them.

*   **International Monetary Fund (IMF)**
    *   **Formation**: Established in 1944 at the Bretton Woods Conference, it began operations in 1945.
    *   **Headquarters**: Washington, D.C., USA.
    *   **Mandate**: To foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
    *   **Other Key Publications**: World Economic Outlook, Fiscal Monitor.

*   **European Central Bank (ECB)**
    *   **Function**: The central bank of the 19 European Union countries which have adopted the euro.
    *   **Purpose**: To maintain price stability in the euro area and conduct monetary policy.
    *   **Key Publication**: Financial Stability Review.

*   **International Bank for Reconstruction and Development (IBRD)**
    *   **Component**: It is one of the five institutions that comprise the World Bank Group.
    *   **Purpose**: Provides loans to middle-income and creditworthy low-income countries for development projects, aiming to reduce poverty and support sustainable development.
    *   **Key Publication (World Bank Group)**: World Development Report.

*   **Organization for Economic Cooperation and Development (OECD)**
    *   **Type**: An intergovernmental economic organization with 38 member countries, primarily developed economies.
    *   **Purpose**: To stimulate economic progress and world trade.
    *   **Key Publication**: OECD Economic Outlook, various policy reports across economic and social sectors.

IASCODEX · Answer

Option A: European Central Bank

IASCODEX · Answer

Option C: International Bank for Reconstruction and Development

IASCODEX · Answer

Option D: Organization for Economic Cooperation and Development