Financial Sector Assessment Programme (FSAP), a joint programme of which of the following international organisations involved in developing countries and region only, undertakes a comprehensive and in-depth analysis of a country’s financial sector?
A. World Bank and IMF
B. IMF and European Union
C. European Union and OPEC
D. World Bank and Asian Development Bank
Answer:A
Financial Sector Assessment Programme (FSAP), a joint programme of which of the following international organisations involved in developing countries and region only, undertakes a comprehensive and in-depth analysis of a country’s financial sector?
A. World Bank and IMF B. IMF and European Union C. European Union and OPEC D. World Bank and Asian Development Bank
Explanation: FSAP, a joint program of the International Monetary Fund (IMF) and the World Bank (WB involved in developing countries and region only), undertakes a comprehensive and in-depth analysis of a country’s financial sector. Since September 2010, it is being undertaken in 25 jurisdictions (now 29), with systemically important financial sectors, including India, every five years. Last FSAP for India was conducted in 2011-12 and the report published by IMF on Jan 15, 2013.