Question: The Union Cabinet on 10 March 2016 gave its approval for entering into a MoU with International Monetary Fund (IMF) for setting up of which of the following center?
(a) India-IMF Technical Assistance Center
(b) South Asia Regional Training and Technical Assistance Center
(c) Technical support center in South Asia
(d) India-IMF Training Center
Ans (b)
Related facts:
- On 10 March 2016 the Union Cabinet has given its approval for entering into the Memorandum of Understanding (MoU) between India and International Monetary Fund (IMF) for setting up of South Asia Regional Training and Technical Assistance Center (SARTTAC) in India by the IMF.
- The SARTTAC will be a collaborative venture between the IMF, the member countries that is Bangladesh, Bhutan, India, Maldives, Nepal and Sri Lanka.
- Additional member countries could join SARTTAC at a later stage.
- It aims for supporting the capacity development needs of the members.
- The MoU will help in capacity building of Government officials including state level in macro, fiscal, monetary policies by the IMF and greater coordination between the six member countries of South Asia.
Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=137628
http://www.dnaindia.com/money/report-imf-assistance-centre-to-be-set-up-in-india-2187799
http://timesofindia.indiatimes.com/business/india-business/IMF-assistance-centre-to-be-set-up-in-India/articleshow/51351814.cms