Question- Which of the following organization has released the Global Financial Stability Report?
(a) IMF
(b) WEF
(c) World Bank
(d) UNICEF
Ans. (a)
Related Facts-
- In October 2021 the International Monetary Fund (IMF) released its Global Financial Stability Report 2021.
- As per Global Consumer Survey in 2020, 99 per cent of its respondents responded that they did trade in cryptocurrencies.
- Nigeria, Vietnam and the Philippines topped the mentioned survey.
- It pointed out that for emerging markets and developing economies, adoption of cryptocurrency might be luring but they also come with a set of potential macro-financial risks, especially with respect to asset and currency substitution.
- Global Financial Stability Report (GFSR)
- It is a semi-annual report by the International Monetary Fund (IMF).
- It assesses the stability of global financial markets and emerging-market financing with a primary focus on current conditions, especially financial and structural imbalances, that could risk an upset in global financial stability and access to financing by emerging-market countries.
- It is released twice per year, in April and October.
- GFSR replaced two previous reports by the IMF, the annual International Capital Markets Report and the quarterly Emerging Market Financing Report.
Reference- https://www.imf.org/en/Publications/GFSR.