🗞️ Current AffairsUPSC 2016India and its Neighbourhood

‘Global Financial Stability Report’ is prepared by the:

aEuropean Central Bank
bInternational Monetary Fund
cInternational Bank for Reconstruction and Development
dOrganisation for Economic Cooperation and Development UPSC GS Paper-I PYQs 656
✓ Correct answer: b) International Monetary Fund
ExplanationThe Global Financial Stability Report (GFSR) is a bi- annual publication by the International Monetary Fund (IMF) that assesses global financial stability, systemic risks, and vulnerabilities in the international financial system.The report examines macroeconomic conditions, financial markets, reg- ulatory developments, and emerging risks.It provides pol- icy insights to help policymakers and financial institutions mitigate potential crises.The IMF conducts quantitative and qualitative analysis, including stress tests and scenario eval- uations, consulting with financial regulators and market ex- perts for a comprehensive risk assessment.66

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