current affairs MCQ #6819

Which body of the IMF formally approves loan programmes for member countries?

current affairs MCQ #6819

  1. Question 1

    Q1. Which body of the IMF formally approves loan programmes for member countries?

    • A) IMF Board of Governors
    • B) IMF Managing Director's Office
    • C) IMF Executive Board
    • D) IMF Fiscal Affairs Department

    Answer: IMF Executive Board

    Explanation: All IMF lending programmes, including Stand-By Arrangements and Extended Fund Facilities, must be formally approved by the IMF Executive Board, which represents member countries and makes binding decisions on loans and reviews.