Economic Governance

When were the International Monetary Fund (IMF) and World Bank conceived?

• 1930

• 1944

• 1960

• 1980

What was the initial focus of the World Bank?

• Global economic stability

• Post-war reconstruction

• Privatization of markets

• Deregulation of financial markets

What is the role of the IMF?

• Focus on post-war reconstruction

• Maintain global economic stability

• Provide Structural Adjustment Programs (SAPs)

• Deregulate financial markets

What did the Washington Consensus focus on?

• Post-war reconstruction

• Providing Structural Adjustment Programs (SAPs)

• Deregulation of financial markets

• Privatization of markets

What are Structural Adjustment Programs (SAPs)?

• Loans made without conditions

• Loans made with conditions

• Grants for economic development

• Financial aid for education

What was the focus of the IMF in the 1980s?

• Post-war reconstruction

• Transition of former Soviet bloc countries to market economies

• Providing grants for education

• Deregulation of financial markets

What does the Washington Consensus refer to?

• Policies of the IMF and World Bank

• Policies of the United Nations

• Policies of the European Union

• Policies of the World Trade Organization

Who is the managing director of the IMF mentioned in the document?

• David Lipton

• Christine Lagarde

• Baker McKenzie

• Moore Capital Management

Who is the first deputy of the IMF mentioned in the document?

• Christine Lagarde

• David Lipton

• Baker McKenzie

• Moore Capital Management

What was one of the main successes of the IMF and the World Bank from 1945 to the 1970s?

• They reduced global poverty rates by 50%.

• They maintained the stability of the monetary system.

• They eliminated trade barriers worldwide.

• They provided free education to developing countries.