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IMFC meeting
April 19 , 2020
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- The Union Minister of Finance & Corporate Affairs NirmalaSitharaman recently attended the Plenary Meeting of the International Monetary and Financial Committee (IMFC) through video-conference.
- The discussions at the meeting were based on IMF Managing Director’s Global Policy Agenda titled, “Exceptional Times – Exceptional Action”.
- The Committee discusses matters of common concern affecting the global economy and also advises the IMF on the direction its work.
- The IMFC has 24 members, drawn from the pool of 187 governors.
- As such, the IMFC represents all the member countries of the Fund.
- The IMFC meets twice a year, during the spring and Annual Meetings.
- There is no formal voting at the IMFC, which operates by consensus.
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