Members of Development Committee of World Bank Group and IMF

Q.  The Development Committee (DC) of the World Bank Group and the International Monetary Fund has how many members?
- Published on 03 Nov 16

a. 30
b. 24
c. 25
d. 35

ANSWER: 25
 
  • The Development Committee (DC) is a ministerial-level forum of the World Bank Group and the International Monetary Fund for intergovernmental consensus-building on development issues.
  • Known formally as the Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund on the Transfer of Real Resources to Developing Countries, the Committee was established in 1974.
  • The Committee has 25 members, usually Ministers of Finance or Development, and who represent the full membership of the Bank and Fund.
  • They are appointed by each of the countries, or groups of countries, represented on the Boards of Executive Directors of the Bank and Fund. The Chairman is selected from among the Committee's members and is assisted by an Executive Secretary who is elected by the Committee.
  • Mr. Arun Jaitley, Minister of Finance represents - Bangladesh, Bhutan, India, Sri Lanka.

Related Content

➨ Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)
▲