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?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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