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    Question

    The Financial Sector Assessment Program (FSAP), which

    provides comprehensive evaluations of a country’s financial system, is jointly conducted by which two international organisations?
    A World Bank and WTO Correct Answer Incorrect Answer
    B IMF and WTO Correct Answer Incorrect Answer
    C IMF and BIS Correct Answer Incorrect Answer
    D OECD and World Bank Correct Answer Incorrect Answer
    E IMF and World Bank Correct Answer Incorrect Answer

    Solution

    The Financial Sector Assessment Program (FSAP) is jointly conducted by the International Monetary Fund (IMF) and the World Bank. About FSAP • Launched: In 1999, in response to the Asian financial crisis • Purpose: To assess the stability and development needs of a country's financial system • Organisations Involved: o International Monetary Fund (IMF) – focuses on financial stability and systemic risk o World Bank – focuses on financial development and inclusion

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